Gill Ranch Storage, LLC and Pacific Gas and Electric Company Team up to Increase Natural Gas Storage for California Customers.FRESNO, Calif. -- Gill Ranch Storage, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a newly formed subsidiary of NW Natural, today jointly announced an agreement with Pacific Gas and Electric Company
The Pacific Gas and Electric Company (PG&E) , (NYSE: PCG), is the utility that provides natural gas and electricity to most of Northern California. to develop a new underground natural gas storage facility at Gill Ranch near Fresno. The Gill Ranch natural gas storage project, located about 25 miles west of Fresno, will provide approximately 20 billion cubic feet (Bcf) of underground gas storage once the initial phase is completed, expected in 2010. The storage development will utilize depleted de·plete tr.v. de·plet·ed, de·plet·ing, de·pletes To decrease the fullness of; use up or empty out. [Latin d , sandstone natural gas reservoirs located at a depth of over a mile below the surface. The storage field has the potential to support additional capacity development in the future, if market conditions are favorable. "The new storage facility is being developed where additional natural gas storage capacity is needed," said Keith White, NW Natural's vice president of business development and energy supply. "It made sense for us to work with PG&E to develop a storage project in the most cost-effective manner. Gill Ranch's position as the southern-most of all independent storage facilities on the PG&E system offers potential location-related benefits to prospective customers." "By participating in the development of the Gill Ranch Storage project, PG&E is supporting robust competitive gas markets to the benefit of all California gas customers," said Bob Howard The name Bob Howard can refer to:
Gill Ranch Storage, LLC and PG&E expect to file a joint application with the California Public Utilities Commission The California Public Utilities Commission (CPUC; also often commonly referred to as simply the PUC) [1] is a state Public Utilities Commission which regulates privately-owned utilities in the state of California, including electric power, (CPUC CPUC California Public Utilities Commission CPUC Current Procurement Unit Cost ) in the spring of 2008. The proposed storage project will require a Certificate of Public Convenience and Necessity from the CPUC, as well as environmental review under the California Environmental Quality Act The California Environmental Quality Act (CEQA) is a California law (California Public Resources Code section 21000 et seq.) passed in 1970, shortly after the Federal Government passed the National Environmental Policy Act. . Gill Ranch Storage, LLC and PG&E will each own a portion of the overall project, holding undivided interests in the proposed facility. Each owner will market its own share of storage capacity in the project. The project consists of the storage field, a pipeline connecting the storage field to PG&E's gas transmission system at Line 401, compression and other facilities. The agreement calls on Gill Ranch Storage, LLC to serve as initial operator of the storage facility. Additional details on the project will be released as part of an open season conducted by Gill Ranch Storage, LLC, which is expected to start in the next few weeks. About Gill Ranch Storage, LLC & Northwest Natural Gas Company (NYSE NYSE See: New York Stock Exchange :NWN NWN Neverwinter Nights (computer game) NWN Northwest Nissans NWN Nowhere Near ) Gill Ranch Storage, LLC is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Northwest Natural Gas Company, dba NW Natural, whose predecessors have been providing gas service to the Pacific Northwest since 1859. NW Natural, based in Portland, Oregon, provides reliable, cost-effective natural gas service to about 641,000 residential, commercial, and industrial customers through 15,000 miles of mains and service lines in western Oregon and southwestern Washington. Since 1989, the company has operated its Mist underground storage field to serve its utility customers and the regional interstate storage market. NW Natural formed Gill Ranch Storage, LLC to develop the Gill Ranch storage project. The new subsidiary is separate from the utility and is dedicated to serving the California market. www.gillranchstorage.com or www.nwnatural.com About Pacific Gas and Electric Company (NYSE:PCG PCG phonocardiogram. ) Pacific Gas and Electric Company, incorporated in California in 1905, is one of the largest combination natural gas and electric utilities in the United States. Based in San Francisco, the company is a subsidiary of PG&E Corporation. Pacific Gas and Electric Company's primary business is the transmission and delivery of energy. The company provides natural gas and electric service to approximately 15 million people throughout a 70,000-square-mile service area in northern and central California. The service area stretches from Eureka in the north to Bakersfield in the south, and from the Pacific Ocean in the west to the Sierra Nevada in the east. www.pge.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion