Printer Friendly

ENERGY COMPANIES FILE FOR FERC APPROVAL OF LIBERTY PIPELINE PROJECT

 ENERGY COMPANIES FILE FOR FERC APPROVAL OF LIBERTY PIPELINE PROJECT
 HOUSTON, Sept. 21 /PRNewswire/ -- The Liberty Pipeline Company, a partnership of energy companies, has filed for Federal Energy Regulatory Commission (FERC) approval to construct and operate a natural gas pipeline designed to provide up to 500 million cubic feet per day (MMcf/d) of firm transportation service to meet increased demand for natural gas in the greater New York area. The partnership comprises subsidiaries of Transco Energy Company, Panhandle Eastern Corporation, The Coastal Corporation, and three New York local distribution companies that make up The New York Facilities Group -- The Brooklyn Union Gas Company, Long Island Lighting Company, and Consolidated Edison Company of New York.
 The new 38-mile, 30-inch-diameter pipeline is estimated to cost $152 million and, subject to FERC approval, is targeted to be in service for the 1994-95 winter heating season. Liberty Operating Company, a subsidiary of Transco Energy Company (NYSE: E), will construct and operate the pipeline for the partnership.
 "Liberty Pipeline is the result of a cooperative effort of all the companies involved. The project offers the New York Facilities Group and its customers new access to secure domestic gas supplies and greater flexibility to help meet a growing demand for energy," said John P. DesBarres, chairman, president and chief executive officer of Transco Energy Company, on behalf of the partnership. "Through direct and indirect connections with the existing pipeline systems of Transcontinental Gas Pipe Line Corporation (TGPL), Texas Eastern Transmission Corporation (TETCO), ANR Pipeline Company, Panhandle Eastern Pipe Line Company, Texas Gas Transmission Corporation and Trunkline Gas Company, shippers on Liberty will have access to virtually every major gas supply area in the United States," he said.
 Precedent agreements have been signed for the full 500 MMcf/d of firm capacity on Liberty Pipeline by six shippers: the New York Power Authority, KIAC Partners, Nissequogue Cogen Partners, and the three utilities that comprise the New York Facilities Group.
 Speaking on behalf of the New York Facilities Group, Edward J. Sondey, a senior vice president at Brooklyn Union Gas, said, "The new pipeline is an innovative way to transport new supplies of natural gas, our most environmentally clean fuel, to reduce dependence on imported oil supplies. Construction of this pipeline will help satisfy growing demand from residential, commercial and industrial customers and in applications such as natural-gas-powered cogeneration, vehicles, refrigeration, air conditioning and electric generation."
 The pipeline will be project financed and owned by the partnership. Through subsidiaries formed by each company, Transco owns 35 percent of the partnership; Panhandle Eastern, 30 percent; The Coastal Corporation, 25 percent; and the New York Facilities Group combined owns 10 percent.
 The project provides a new firm transportation route from proposed points of receipt with TGPL and TETCO near South Amboy, N.J., to a proposed new primary delivery point near the John F. Kennedy International Airport on Long Island, N.Y. Constructed in two sections, a 30-mile offshore segment will extend from the new TETCO and TGPL system interconnections at South Amboy, across lower New York Bay to an offshore point near Rockaway, Long Island, where it will connect to an eight-mile onshore segment. This second segment will extend onshore to the new delivery point near JFK Airport.
 In related filings, Trunkline, TGPL, Texas Gas, and TETCO have requested FERC approval to build additional capacity on their existing pipeline systems and to provide transportation services that would serve as an essential link to the Liberty Pipeline project. Transportation services will be provided from production areas to Liberty through those expansions or existing pipelines.
 The affiliates of Transco Energy Company, Panhandle Eastern Corporation and The Coastal Corporation are transporters of natural gas to the Midwest and Northeast markets. The members of the New York Facilities Group are local gas distribution companies providing gas service to approximately 10 million people in the greater New York area.
 -0- 9/21/92
 /NOTE TO EDITORS: A map of the proposed Liberty Pipeline Project is available by calling 713-439-2455/
 /CONTACT: Katherine Putnam of Transco Energy Company (TGPL, Texas Gas), 713-439-2455; John Barnett of Panhandle Eastern Corporation (Panhandle Eastern, Texas Eastern, Trunkline), 713-627-4072; Barbara Johnson of The Coastal Corporation (ANR Pipeline Co.), 713-877-3293; Robert Loftus of the Brooklyn Union Gas Company, 718-403-2503; Martin Gitten of Consolidated Edison Company of New York, 212-460-4111; or Suzie Halpin of Long Island Lighting Company, 516-933-5052/ CO: Liberty Pipeline Company; Transco Energy Company ST: Texas, New Jersey, New York IN: OIL SU:


GK -- NY095 -- 1882 09/21/92 17:16 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 21, 1992
Words:752
Previous Article:TITAN AWARDED SUBCONTRACT
Next Article:WEST UNVEILS NEW SEARCH TECHNOLOGY
Topics:


Related Articles
FLORIDA GAS REQUESTS APPROVAL TO ACQUIRE INTEREST IN MOBILE BAY PIPELINE
TEXAS EASTERN TRANSMISSION CORPORATION FILES TO EXPAND NATURAL GAS DELIVERIES TO THE NORTHEAST
TRANSCO FILES FOR FERC APPROVAL OF 1995-1996 SOUTHEAST EXPANSION PROJECT
INDIANA UTILITY REGULATORY COMMISSION APPROVES OPERATION OF CROSSROADS PIPELINE
FERC CONFIRMS JURISDICTION OVER MOJAVE NORTHWARD EXPANSION PROJECT
LIBERTY PARTNERS PUT PIPELINE ON HOLD
FERC GIVES PRELIMINARY APPROVAL TO MOJAVE'S NORTHWARD EXPANSION
FERC pours Kern River's glass half full.
Florida raises "significant national issue" in FERC consideration of FGT project.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters