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PEOPLES GAS AGREES TO BECOME CUSTOMER OF PIPELINE VENTURE

 TAMPA, April 12 /PRNewswire/ -- Peoples Gas System, Inc., Florida's largest natural gas utility company, today announced it will become a key customer of the proposed 600-mile SunShine Pipeline project.
 The approximate $600-million project is designed to bring additional clean burning natural gas to the state's network of electric generation plants, Peoples Gas and commercial customers. Subsidiaries of The Coastal Corporation of Houston, Texas, and Florida Power Corporation of St. Petersburg are partners in the project.
 The SunShine project is expected to be completed in 1995, officials said. The out-of-state segment would be regulated by the Federal Energy Regulatory Commission, and the portion running through Florida would be regulated by the Florida Public Service Commission.
 "Florida's growing energy requirements necessitate this additional pipeline capacity and the need for a diversified supply of clean-burning natural gas," said John A. Brabson Jr., president and CEO of Peoples Gas. "This additional pipeline capacity and supply access will provide secured deliverability of natural gas to the state well into the 21st century."
 Initial capacity of the pipeline is anticipated to be 325 million cubic feet per day (mmcfd) in 1995, growing to 800 mmcfd by the year 2000. Peoples Gas has agreed to utilize 42 mmcfd of capacity with an option for additional capacity of 25 mmcfd in 1997.
 Peoples Gas is Florida's largest natural gas distribution company and serves more than 225,000 customers in most major Florida markets.
 -0- 4/12/93
 /CONTACT: Bill Shelton, manager of corporate communications of Peoples Gas System, Inc., 813-272-0016, 800-282-4441 ext. 0016, or home, 813-525-6065/


CO: Peoples Gas System, Inc. ST: Florida IN: UTI SU:

SS-XX -- FL007 -- 4835 04/12/93 14:24 EDT
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Publication:PR Newswire
Date:Apr 12, 1993
Words:277
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