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FLORIDA GAS TRANSMISSION ANNOUNCES "OPEN SEASON" FOR PHASE IV EXPANSION

 HOUSTON, Dec. 18 /PRNewswire/ -- Citrus Corp.'s Florida Gas Transmission Company (FGT) today announced an "open season" for the Phase IV expansion of its interstate natural gas pipeline system. Florida Gas, which is in the process of obtaining authorization for its Phase III expansion, the largest in the company's history, is responding to increased demand for natural gas among potential customers throughout Florida.
 In November, 1991, Florida Gas applied to the Federal Energy Regulatory Commission (FERC) for authority to construct the Phase III expansion, which will increase capacity of the FGT system by 530 million cubic feet per day (MMcf/d). When added to existing capacity of 925 MMcf/d, FGT will be transporting more than 1.4 billion cubic feet per day of natural gas to Florida.
 By today's action, Florida Gas is announcing an "open season" from Dec. 21, 1992 to March 22, 1993. During this period, customers interested in acquiring Phase IV capacity are encouraged to contact and negotiate precedent agreements with FGT. Information to be provided to FGT includes contract quantity of gas, delivery location and desired in- service date. The in-service dates that FGT plans to accommodate extend from May 1996 through April 1997.
 The final environmental impact statement and FERC certificate authorizing construction are expected to be issued next spring. FGT plans to begin Phase III construction as soon as possible after the issuance and acceptance of the FERC certificate and place the new facilities in operation by the end of 1994.
 The Phase III construction will add 800 miles of new pipe; three new compressor stations and additional compression horsepower at eight other stations; other meter stations, regulator stations and related facilities. Estimated cost of the project in 1993-94 dollars is approximately $920 million, of which $660 million will be spent in Florida. The 29 customers that will use the Phase III gas will spend more than $1 billion for new power generating facilities in the state.
 "We are ready to move forward on our Phase IV expansion and look forward to dealing with existing and new customers to put the project in place on a timely basis," said William V. Allison, president of FGT and Citrus Corp. "There is a growing demand for natural gas in Florida during the 1996-97 time frame, and this open season will enable FGT and our Phase IV customers to begin the process necessary to meet that demand."
 Because the Phase IV expansion is expected to be accomplished primarily through the addition of compressor units, with only a moderate amount of additional pipeline in the supply area, the environmental impact from constructing the expansion is expected to be minimal.
 FGT has scheduled target dates of July 1993 for execution of definitive service agreements with Phase IV customers, and November 1993 for filing with the FERC the application for a certificate to construct the facilities.
 Florida Gas Transmission is a wholly owned subsidiary of Citrus Corp., which is jointly owned by an Enron Corp. subsidiary and Sonat Inc. Florida Gas Transmission is a 4,497-mile pipeline extending from South Texas to south of Miami.
 -0- 12/18/92
 /CONTACT: Diane Bazelides, 713-853-6285, or Rolf Utegaard, 407-875-5803, both of Enron Corp./
 (ENE)


CO: Florida Gas Transmission Co.; Citrus Corp. ST: Texas, Florida IN: OIL SU:

PS -- NY049 -- 8227 12/18/92 12:37 EST
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Publication:PR Newswire
Date:Dec 18, 1992
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