Caledonia Storage Facility in Mississippi Earns FERC Approval; Nicor Enerchange to Provide Marketing Services in Partnership with Caledonia Energy Partners.DALLAS -- The Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. (FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability ) Wednesday approved the construction and operation of a new natural gas storage facility in northeast Mississippi by Caledonia Energy Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Nicor Enerchange, L.L.C., a subsidiary of Nicor Inc. will serve as the marketing administrator for the Caledonia Storage Field. Located in Monroe and Lowndes Counties Lowndes County is the name of several counties in the United States:
(2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. with Tennessee Gas Pipeline Tennessee Gas Pipeline (TGPL) is a natural gas pipeline which runs from the Gulf of Mexico coast in Texas and Louisiana up through Arkansas, Kentucky, Tennessee, Ohio, and Pennsylvania to deliver gas in West Virginia, New Jersey, New York, and New England. . It is expected to be in full operation by April 2006 with construction expected to begin this spring. Caledonia storage will provide more than 11 Bcf of working storage capacity. With injection and withdrawal rates of 260 MMcf/day and 330 MMcf/day, Caledonia Storage will offer a service that creates four cycles of flexibility on an annual basis. "We are pleased with obtaining FERC approval, which was a significant step in the regulatory process," said Jim Goetz, president, Caledonia Energy Partners. "The Caledonia Storage Field is strategically located on the pipeline grid and offers its customers flexible storage at competitive prices." Nicor Enerchange, L.L.C. will provide the marketing of firm and interruptible storage services for the Caledonia Storage Field under a long term marketing agreement. For detailed information, potential customers are encouraged to visit the company's Web site, www.caledoniastorage.com, and/or call the following representatives:
Caledonia Energy Partners LLC Nicor Enerchange, L.L.C.
Jim Goetz Mark Rueff
(972) 691-3332, ext. 212 (630) 245-7815
jgoetz@pacesetterenergy.com mrueff@nicor.com
John Fortman
(630) 388-3530
jfortma@nicor.com
About Caledonia Energy Partners Caledonia Energy Partners is led by two industry veterans with combined experience of more than 50 years in the energy industry. Their primary business focus is on the exploration and production of natural gas and crude oil along with the development, installation and management of midstream mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. assets. About Nicor Enerchange, L.L.C. Nicor Enerchange, L.L.C. consists of two separate divisions, Nicor Enerchange Trading and Nicor Enerchange Hub Administration. It is an affiliate of Nicor Inc. (NYSE NYSE See: New York Stock Exchange :GAS), a holding company and member of the S&P 500 whose principals businesses are Nicor Gas, one of the nation's largest natural gas distribution companies, and Tropical Shipping, a containerized con·tain·er·ize v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es 1. To package (cargo) in large standardized containers for efficient shipping and handling. 2. shipping business serving the Caribbean region. Nicor also owns and has an equity interest in several energy-related businesses. For more information, visit the Nicor Web site at www.nicor.com. Caution Concerning Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This document includes certain forward-looking statements about the expectations of Nicor Inc. ("Nicor") and Caledonia Energy Partners LLC ("Caledonia") and their respective subsidiaries and affiliates. Although Nicor and Caledonia believe these statements are based on reasonable assumptions, actual results may vary materially from stated expectations. Such forward-looking statements may be identified by the use of forward-looking words or phrases such as "anticipate," "believe," "expect," "intend," "may," "planned," "potential," "should," "will," "would," "project," "estimate," or similar phrases. Actual results may differ materially from those indicated in Nicor's and Caledonia's forward-looking statements due to factors that could cause materially different results including, but not limited to, construction rates and costs; weather conditions; natural gas and other fuel prices and demand; inventory valuation; economic and market conditions; energy conservation; legislative and regulatory actions; significant unplanned capital needs; performance of major suppliers and contractors; labor relations; and acts of terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this filing. Nicor and Caledonia undertake no obligation to publicly release any revision to these forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this release. |
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