Fairwinds Suspends Harpswell Project.Energy Editors/Business Editors HARPSWELL, Maine--(BUSINESS WIRE)--March 10, 2004 TransCanada Corporation (NYSE NYSE See: New York Stock Exchange :TRP Trp tryptophan. TRP traumatic reticuloperitonitis. Trp tryptophan. )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :TRP) and ConocoPhillips (NYSE:COP) today announced that they will suspend further work in Harpswell, Maine Harpswell is a town in Cumberland County Maine which is geographically within Casco Bay in the Gulf of Maine. The town is composed of land contiguous with the rest of Cumberland County, as well as a several large and small islands, including Great Island, Orr's Island, and Bailey on the Fairwinds liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG LNG (liquefied natural gas): see under natural gas. ) project. Yesterday, the residents of Harpswell voted against leasing the former U.S. Navy Fuel Depot site in the community for the purpose of building an LNG regasification facility. Despite the outcome of this vote, there remains a critical need for reliable, new sources of natural gas in the northeast United States. Both companies are committed to pursuing opportunities to deliver clean and safe LNG supply to the northeast United States. "Although we are disappointed with the results, we respect the choice of the people of Harpswell regarding their decision," said Peter Micciche, Fairwinds Stakeholder Relations Manager. "Over the past six months we were committed to listening to those affected by the project and felt we developed a lease that addressed their major concerns. "We've enjoyed the opportunity to spend the past few months becoming acquainted with so many good people in Harpswell," Micciche continued. "We'd like to extend a heartfelt thanks for their New England hospitality. We have also grown to appreciate the unique qualities of the town and wish the community of Harpswell success in the future," said Micciche. On September 18, 2003, TransCanada and ConocoPhillips presented plans for the Fairwinds LNG project to the Board of Selectmen SELECTMEN. The name of certain officers in several of the United States, who are invested by the statutes of the several states with various powers. at a public meeting. A detailed public information program to inform Harpswell residents and to solicit their views about the Fairwinds project followed. TransCanada is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. energy company, with a focus on natural gas transmission and power services. It has a network of approximately 24,200 miles of pipeline that transports the majority of Western Canada's natural gas production to the fastest growing markets in the United States and Canada. TransCanada currently has a 61.7 percent ownership in the Portland Natural Gas Transmission System. Visit www.transcanada.com for more information. ConocoPhillips is an international energy company with interests around the world. Headquartered in Houston, the company owns and operates an LNG facility in Kenai, Alaska, which serves as an industry model for safety and reliability. For more information, go to www.conocophillips.com. |
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