Deep Freeze Breaks Natural Gas Usage Records in KeySpan's Service Territories; Another Severe Cold Snap Predicted Later in the Week.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & BOSTON--(BUSINESS WIRE)--Jan. 12, 2004 With the severe cold snap cold snap Noun a short period of cold and frosty weather Noun 1. cold snap - a spell of cold weather cold spell in the Northeast, KeySpan announced that it has broken several records over the weekend in supplying gas to homes and businesses in Long Island and New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . KeySpan anticipates heavy demand later in the week as weather forecasters are predicting another severe cold snap. The company has more than adequate supplies to meet its firm customers' needs throughout the region. This week's cold spell Noun 1. cold spell - a spell of cold weather cold snap while, spell, patch, piece - a period of indeterminate length (usually short) marked by some action or condition; "he was here for a little while"; "I need to rest for a piece"; "a spell of good has prompted Long Island customers to consume approximately fifty-six percent more natural gas than is normally used during this time of year. In late January, Long Island usually requires 450,000 dekatherms (DTH (Direct-To-Home) Typically refers to satellite TV broadcasting directly to a dish antenna on the roof of a house. See DBS. ) each day. On Friday, Long Island set a new record sendout of 685,700 DTH. Then on Saturday, that record was surpassed when gas sendout reached an all-time new high of 702,000 DTH. The last time the record had been broken prior to last week occurred on January 23, 2003 when natural gas demand on Long Island hit 667,930 DTH. On Friday in New England, KeySpan's natural gas demand hit 1,265,531 DTH. This surpassed a January 22, 2003 record of 1,203,383 DTH. A normal day projection for this territory is approximately 705,652 DTH. KeySpan provides natural gas service to 155 communities in Eastern Massachusetts and New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). . In Brooklyn, natural gas demand came close this weekend to breaking last year's January 23 record high. On Saturday, Brooklyn hit the sixth highest sendout in its history at 1,074,890 DTH. This was close to last year's January 23 record sendout of 1,086,503 DTH. On a typical day in January, customers in this area usually consume an approximate 800,000 DTH of natural gas. KeySpan provides natural gas service to the boroughs of Brooklyn, Staten Island and Queens. Gas usage is measured on a 24-hour basis, from 10 a.m. to 10 a.m. Long-term contracts and stored gas provide customers with reliable supplies at market-sensitive prices. KeySpan receives its gas supplies from the Gulf Coast and Western Canada. A member of the Standard & Poor's 500 Index, KeySpan Corporation (NYSE NYSE See: New York Stock Exchange : KSE KSE Karachi Stock Exchange KSE Kuwait Stock Exchange KSE Korea Stock Exchange KSE Kernel Scheduler Entities KSE Kill Switch Engage (band) KSE Kuat Systems Engineering (Star Wars) ) is the largest distributor of natural gas in the Northeast with 2.5 million customers, operating regulated natural gas utilities in New York, Massachusetts and New Hampshire under the KeySpan Energy Delivery service company. This customer focused business is complemented by the Energy Services business which offers a portfolio of energy-related products, services and solutions to homes and businesses under the KeySpan Home Energy Services and KeySpan Business Solutions companies. KeySpan is also the largest investor owned electric generator in New York State. We own approximately 6,400 MW of generating capacity, which provides power to 1.1 million LIPA customers on Long Island and supplies 25% of New York City's capacity needs. In addition to these assets, KeySpan has strategic investments in natural gas exploration, production, pipeline transportation, distribution and storage, and Canadian gas processing. KeySpan has headquarters in Brooklyn, Boston and Long Island and 12,000 employees. For more detailed financial and strategic information, please visit our Investor Relations Investor relations The process by which the corporation communicates with its investors. web page at http://investor.keyspanenergy.com. |
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