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FLORIDA GAS TRANSMISSION SIGNS LONG-TERM TRANSPORTATION CONTRACTS FOR PHASE III EXPANSION

 FLORIDA GAS TRANSMISSION SIGNS LONG-TERM TRANSPORTATION
 CONTRACTS FOR PHASE III EXPANSION
 HOUSTON, Dec. 18 /PRNewswire/ -- Citrus Corp.'s Florida Gas Transmission Company today announced that it has obtained service agreements to transport approximately 550 million cubic feet per day (MMcf/d) of natural gas into Florida in the winter and 530 MMcf/d into the state in the summer. The contracts support the company's Phase III expansion project that was filed with the Federal Energy Regulatory Commission (FERC) on Nov. 15, 1991.
 Thirty-two customers, whose natural gas requirements are spread throughout the state, returned executed firm transportation agreements on December 12. The largest agreement is with Florida Power & Light Company for 200 MMcf/d, with the remaining volumes split about equally between non-utility generators and municipalities.
 "We are pleased with the level of volume reflected in these service agreements, which will result in the largest expansion in Florida Gas Transmission's 32-year history," said William V. Allison, president of Florida Gas Transmission and Citrus Corp. "Florida Gas Transmission has historically built to meet the market's needs, as we have most recently done in our Phase II expansion. Our Phase III expansion, which will increase the pipeline's capacity to approximately 1.4 billion cubic feet per day and which will be in service in the 1994-1995 time frame, is another example of our continued commitment to serving the Florida market," Allison said.
 While the final design of the expansion is being refined to reflect the market commitments, Florida Gas Transmission will continue to work with the FERC to develop the environmental information required for FERC approval of the project. The final capacity of the expanded pipeline and its configuration and the revised cost estimates will be announced when Florida Gas Transmission amends its application at the FERC.
 "As significant as the increased volumes are to Phase III is the fact that the customer mix is highly complementary, which ensures a high load factor on an annual basis and which in turn enhances the economics of the pipeline," Allison said. "Additionally, we believe that this is precisely the type of high load factor, economically supported pipeline that the FERC will find to be in the public interest. We strongly believe that our Phase III market commitments will help expedite the regulatory review and allow us to meet the market's time table."
 Florida Gas Transmission is a wholly owned subsidiary of Citrus Corp., which is jointly owned by an Enron Corp. (NYSE: ENE) subsidiary and Sonat Inc. Florida Gas Transmission is a 4,450-mile pipeline extending from South Texas to south of Miami.
 -0- 12/18/91
 /CONTACT: Diane Bazelides of Florida Gas Transmission, 713-853-6285/
 (ENE) CO: Citrus Corp.; Florida Gas Transmission Co. ST: Florida IN: OIL SU: CON


TS -- NY014 -- 3300 12/18/91 09:52 EST
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Publication:PR Newswire
Date:Dec 18, 1991
Words:464
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