Boardwalk Pipeline Partners' Subsidiary Announces Binding Open Season; Evaluating Demand for Additional Storage Services.OWENSBORO, Ky. -- Boardwalk Pipeline Partners, LP (NYSE NYSE See: New York Stock Exchange : BWP BWP In currencies, this is the abbreviation for the Botswana Pula. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) announced that its subsidiary Texas Gas Transmission Texas Gas Transmission is a natural gas pipeline which brings gas from the Louisiana Gulf coast up through Arkansas, Mississippi, Tennessee, and Kentucky, to supply gas to Illinois, Indiana, and Ohio. It is owned by Loews Corporation. Its FERC code is 18. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , will hold a binding open season January 18 through January 31, 2006, for an expansion of its existing storage fields to provide additional firm storage service (FSS FSS Federal Supply Service (US General Services Administration) FSS Flight Service Station FSS Family Self-Sufficiency FSS Fixed Satellite Service FSS Forensic Science Service (Great Britain) ) and no-notice service (NNS NNS Newport News Shipbuilding NNS National Numeracy Strategy NNS Norfolk Naval Shipyard (Portsmouth, VA) NNS Newhouse News Service NNS Non-Native Speaking NNS Network Node Server (Cisco) ). Kathy Kirk, vice president of commercial services at Texas Gas, said responses to the pipeline's December 2005 nonbinding open season demonstrated that the market continues to place value on storage. "Customers continue to show an interest in our market area storage," Kirk said, "and we are committed to expanding our storage fields to meet the increased market demand for firm storage services." Texas Gas' proposed storage expansion would provide up to 90,000 Dth of daily deliverability and up to 6.75 TBtu of seasonal storage capacity by drilling new wells and installing additional compression. Its proposed in-service date is November 1, 2007. In November 2005, Texas Gas placed in-service an 8.2 TBtu storage expansion at its Midland, Ky., storage field. Boardwalk Pipeline Partners, LP is a master limited partnership engaged through its subsidiaries, Texas Gas Transmission, LLC and Gulf South Pipeline Company, LP, in the interstate transportation and storage of natural gas. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and other federal securities laws relating to expectations, plans or prospects for Boardwalk and its subsidiaries, including those relating to whether or not Texas Gas will expand its market area storage. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the company's control and the risk factors and other cautionary statements discussed in Boardwalk's and Texas Gas' Form 10-Ks for the year ended December 31, 2004 and other filings with the U.S. Securities and Exchange Commission. |
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