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Bay Gas Storage Company, Ltd. Announces Open Season.



Energy Editors/Business Editors

MOBILE, Ala.--(BUSINESS WIRE)--June 3, 2004

In response to the increasing demands for high deliverability natural gas storage in the Southeastern US, Bay Gas Storage Company, Ltd. ("Bay Gas") is pleased to announce that it will conduct a non-binding "Open Season" for up to 5 BCF BCF Billion Cubic Feet
BCF Bioconcentration Factor
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 of natural gas storage services to help evaluate expansion of its facility located approximately forty miles north of Mobile, Alabama on the McIntosh Dome and its pipeline interconnects.

Bay Gas, a subsidiary of EnergySouth, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:ENSI), currently has two natural gas storage caverns with direct interconnects to Florida Gas Transmission Florida Gas Transmission is a natural gas pipeline which brings gas from Texas, Louisiana, Mississippi, and Alabama into Florida. It is owned by 50% by Southern Natural Gas and 50% by CrossCountry Energy. Its FERC code is 34. , Gulf South Pipeline and Mobile Gas Service Corporation. The two caverns have a combined working gas capacity of 6 BCF with injection and withdrawal capacities of 200 MMcf and 610 MMcf per day, respectively. These capacities are fully subscribed Fully Subscribed

A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of
 on a firm basis. Based on the successful results of this Open Season, Bay Gas would proceed with plans to create a third natural gas storage cavern, expand its injection and withdrawal capacities and possibly add new receipt/delivery points to its system with Transcontinental Gas Pipe Line Corporation and Gulfstream Natural Gas GulfStream Natural Gas is a natural gas pipeline that brings gas from Mississippi and Alabama, underwater across the Gulf of Mexico, to Florida. It is owned by Duke Energy. Its FERC code is 183.[1] External links
  • Pipeline Electronic Bulletin Board
 System, L.L.C. The expected completion date for this expansion would be early 2007.

The non-binding Open Season will begin at 9:00 AM CDST CDST Central Daylight Savings Time
CDST Chassis Dynamometer Smoke Test (diesel emissions test)
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 on Thursday June 3, 2004, and end at 5:00 PM CDST on Friday, July 9, 2004. A completed Expression of Interest Form should be faxed by the close of the Open Season to the attention of David Hayden at (251) 478-5817. After the close of the Open Season, Bay Gas will evaluate the requests for service and discuss with the interested parties their submissions in an attempt to negotiate commercially acceptable terms resulting in the execution of binding Precedent In law, a binding precedent (also mandatory precedent or binding authority) is a precedent which must be followed by all lower courts under common law legal systems.  Agreements.

For additional information related to this Open Season please contact David Hayden at (251) 450-4747 or E-mail at dhayden@bay-gas.com, Greg Welch at (251) 450-4749 or E-mail at gwelch@bay-gas.com, or visit our web site at www.bay-gas.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 3, 2004
Words:342
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