Boardwalk Pipeline Partners Announces Open Season by Texas Gas Transmission to Evaluate Demand for Additional Storage Services.OWENSBORO, Ky. -- Boardwalk Pipeline Partners, LP (NYSE NYSE
See: New York Stock Exchange : BWP BWP
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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 today 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 non-binding open season for firm storage service (FSS FSS Federal Supply Service (US General Services Administration)
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On November 1, 2005, Texas Gas placed in-service the 8.2 TBtu storage expansion at its Midland, KY, storage field. Texas Gas Commercial Services Vice President Kathy Kirk said customers continue to show an interest in additional market area storage capacity.
"Market area storage is attractive to the marketplace and we believe our Kentucky storage fields can be expanded to meet some of the growing demand for storage services," Kirk said.
Texas Gas is proposing to drill additional wells and install compression to provide up to 90,000 Dth per day of daily deliverability and up to 6.75 TBtu of seasonal capacity. The proposed in-service date for this expansion project is November 1, 2007.
The open season for NNS and FSS begins 8 a.m. CST CST
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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 and the extent and timing of any such expansion. 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 final Prospectus dated November 8, 2005 related to its initial public offering of common units and in Texas Gas' Form 10-K for the year ended December 31, 2004 and other filings with the U.S. Securities and Exchange Commission.
This press release shall not constitute an offer to sell nor the solicitation of an offer to buy any securities. Any offer will be made only by means of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933.