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TEXAS EASTERN TRANSMISSION FILES FOR FERC APPROVAL TO LEASE CAPACITY FROM ARKLA

 HOUSTON, July 30 /PRNewswire/ -- Texas Eastern Transmission Corporation (TETCO) today filed an application with the Federal Energy Regulatory Commission (FERC) for approval to lease 250 million cubic feet per day (MMcf/d) of pipeline capacity accessing natural gas supplies from the Arkoma, Anadarko and other basins.
 TETCO requested FERC approval to lease and make available to its customers 250 MMcf/d of capacity on Arkla Energy Resources' (AER) existing pipeline system and on AER's proposed Line AC extension. After expansion, AER's Line AC will extend from the Arkoma Basin in Oklahoma to Shaw, Mississippi. The capacity lease also provides for 83 MMcf/d of capacity in certain of AER's gathering facilities and includes options to extend the 10-year term to 15 years and to expand the leased capacity to 500 MMcf/d.
 "The AER lease will provide TETCO and its customers supply diversity with secure access to economically priced natural gas supplies from the abundant Mid-continental supply basins," said George L. Mazanec, president of Texas Eastern. "The cost savings and low environmental impact benefit everyone involved."
 Texas Eastern Transmission Corporation is a subsidiary of Panhandle Eastern Corporation (NYSE: PEL), America's natural gas transportation company, which operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas transportation and related services to the Midwest and Northeast markets.
 -0- 7/30/93
 /CONTACT: Danny P. Gibbs, 713-627-5011 or (investors) Brad Porlier, 713-627-4600 or 800-347-3636, both of Texas Eastern Transmission Corporation/
 (PEL)


CO: Texas Eastern Transmission Corporation ST: Texas IN: OIL SU:

WB -- NY078 -- 7956 07/30/93 17:19 EDT
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Publication:PR Newswire
Date:Jul 30, 1993
Words:261
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