EL Paso Natural Gas Company becomes part owner of TransColorado Gas Transmission Company.EL PASO, Texas--(BUSINESS WIRE)--Sept. 26, 1995--El Paso Natural Gas Company (NYSE NYSE See: New York Stock Exchange :EPG) has purchased a one-third interest in the TransColorado Gas Transmission Company from Public Service Company of Colorado. KN Energy, Inc. and Questar Pipeline Company, also each own a one-third interest in TransColorado Gas Transmission Company. In November 1994, TransColorado Gas Transmission Company accepted a 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. certificate authorizing it to build a $194 million, 292 mile pipeline with a capacity of 300 million cubic feet per day which will run from northwest Colorado to the Blanco Hub Area in the San Juan Basin The San Juan Basin is a drainage basin and geologic structural basin in the Four Corners region of the Southwestern United States; its main portion covers around 4,600 square miles, encompassing much of northwestern New Mexico, northeastern Arizona, and parts of Colorado and Utah. in northwest New Mexico. The proposed pipeline will interconnect in northwest Colorado with Rocky Mountain Natural Gas (a KN Energy, Inc. subsidiary), Questar Pipeline Company, Colorado Interstate Gas Colorado Interstate Gas is a major producer of natural gas, connected to major supply basins in the Rocky Mountains and production areas in the Texas Panhandle, western Oklahoma, western Kansas, and Wyoming. Originally an independent company, CIG is now a subsidiary of El Paso Corp. Company, and in the Blanco Hub Area with EPG, Transwestern Pipeline Company, and Gas Company of New Mexico. Construction of the pipeline has not yet begun. "This project is a good strategic fit for El Paso," said William A. Wise, chairman, president and CEO of EPG. "Natural gas produced in the Rocky Mountain region The Rocky Mountain Region is a floristic region within the Holarctic Kingdom in western North America (Canada and the United States) delineated by Armen Takhtajan and Robert F. Thorne. will have an alternative outlet and an ability to flow into EPG for transportation to all markets that can be accessed off El Paso's system. These new volumes will allow us to maintain a high utilization for our system." El Paso Natural Gas El Paso Natural Gas is a system of natural gas pipelines that brings gas from the Permian Basin in Texas and the San Juan Basin in New Mexico and Colorado to West Texas, New Mexico, Nevada, California and Arizona. It also exports some natural gas to Mexico. Company owns and operates one of the nation's largest field and mainline natural gas transmission systems, connecting natural gas supply regions in New Mexico, Texas, Oklahoma, and Colorado to markets in California, Nevada, Arizona, New Mexico, Texas and Mexico. CONTACT: El Paso Natural Gas Company, El Paso Norma F. Dunn, 915/541-5443 |
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