Deep Freeze Breaks Natural Gas Usage Records in KeySpan's Service Territories.Energy Editors/Business Editors BROOKLYN--(BUSINESS WIRE)--Jan. 23, 2003 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 in supplying gas to homes and businesses in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , 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. . 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 forty-five 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. Yesterday, Long Island set an all-time record high in gas demand of 650,000 DTH, surpassing the previous record of 641,000 DTH set on Long Island on January 17, 2000. Natural gas demand hit an all-time high at 1,081,153 DTH in Brooklyn, Staten Island and Queens yesterday. This surpassed a January 17, 2000 record of 1,079,176 DTH. On a typical day in January, customers in this area usually consume an approximate 800,000 DTH of natural gas. Yesterday in New England, KeySpan's natural gas demand hit 1,203,383 DTH. This new record broke the one set back on January 17, 2000 at 1,202,748 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). . A normal day projection for this territory is approximately 705,652 DTH. Gas usage is measured on a 24-hour basis, from 10 a.m. to 10 a.m. Today, Long Island, New York City and New England operations continue to deliver heavy loads and are expected to approach or exceed record levels. The amount of natural gas used today will be determined tomorrow morning. KeySpan has more than adequate supplies to meet customers needs throughout the region. 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 S & P 500, KeySpan is the largest distributor of natural gas in the Northeast, with 2.5 million gas customers and more than 12,000 employees. KeySpan is also the largest investor-owned electric generator in 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 State and operates Long Island's electric system serving 1.1 million customers. With headquarters in Brooklyn, Boston and Long Island, KeySpan also manages a dynamic portfolio of service companies. They include: KeySpan Energy Delivery, the group of regulated natural gas utilities; KeySpan Home Energy Services, an energy product, repair and service company for residential and small commercial customers; and KeySpan Business Solutions, a full-service energy product, repair and services company for business customers. KeySpan also has strategic investments in natural-gas exploration, production, pipeline transportation, distribution and storage, Canadian gas-processing and fiber-optic cable. KeySpan is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "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) ." For more information about the company, visit KeySpan's web site at: http://www.keyspanenergy.com |
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