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SUNSHINE PIPELINE FILED WITH THE FLORIDA PUBLIC SERVICE COMMISSION

 HOUSTON, March 8 /PRNewswire/ -- Subsidiaries of the Coastal Corporation (NYSE: CGP) and Florida Power Corporation have filed with the Florida Public Service Commission for authorization to construct and operate the Florida portion of the proposed SunShine pipeline project.
 The intrastate natural gas pipeline would originate in Okaloosa County, Fla., at an interconnection with the proposed interstate portion of the SunShine project, and would extend east and south, terminating in Polk County.
 The 502-mile, 30-inch SunShine Pipeline is planned for completion in 1995 and would serve expanding markets in central and southern Florida. SunShine's initial capacity would be 250 million cubic feet a day (MMcf/d), increasing to 550 MMcf/d in 1999. To meet increasing delivery obligations beginning in 1998, compressor stations would be added and the pipeline would increase to a length


of 615 miles. However, capacity and length could be increased earlier, if needed.
 "Florida and its consumers will benefit from the competition SunShine will inject into the state's natural gas market," said James R. Paul, Coastal president and chief executive officer, in explaining the need for the project. "In addition to transporting a clean-burning energy source, SunShine will also provide increased flexibility and reliability in the natural gas supplies available to Florida consumers."
 As previously announced, Florida Power has agreed to ship 120 MMcf/d beginning in 1995 on the SunShine system and increase that volume to 210 MMcf/d by 1999.
 "We plan to use the energy for our Anclote Power Plant in Pasco County and at two proposed Polk County power generation units, which would come on line in 1998 and 1999," said Stephen Watsey, Florida Power's vice president of purchasing and stores.
 In the near future, a filing will be made with the Federal Energy Regulatory Commission for the interstate portion of the project. This portion would commence east from Pascagoula, Miss., to serve Mississippi, Alabama and Florida Panhandle customers.
 The Coastal Corporation is a Houston-based energy holding company. Coastal has consolidated assets of more than $10 billion and subsidiary operations in natural gas marketing, transmission and storage, refining and marketing, oil and gas exploration and production, coal, chemicals, trucking and independent power production.
 Coastal subsidiaries have provided Florida customers with energy products since 1915. Coastal subsidiaries operate 82 convenience stores, operate marine fueling terminals in every major Florida port and market and distribute industrial and consumer petroleum products, including asphalt, gasoline, auto lubricants and fuel oil.
 Florida Power Corporation, the principal subsidiary of St. Petersburg-based Florida Progress Corporation (NYSE: FPC), is an electric utility serving 1.2 million customers in central and northern Florida. Florida Progress diversified operations include coal mining and transportation, life insurance, real estate lending and leasing.
 -0- 3/8/93
 /CONTACT: Dave Scott, 713-877-3839, or Barbara Johnson, 713-877-3293, both of Coastal Corporation/
 (CGP)


CO: Coastal Corporation ST: Florida, Texas IN: OIL SU:

LD-OS -- NY080 -- 4217 03/08/93 16:41 EST
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Publication:PR Newswire
Date:Mar 8, 1993
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