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TEXAS EASTERN TRANSMISSION CORPORATION FILES FOR FERC APPROVAL TO LEASE CAPACITY FROM TRANSOK

 HOUSTON, Aug. 11 /PRNewswire/ -- Texas Eastern Transmission Corporation (TETCO) today filed an application with the Federal Energy Regulatory Commission for approval to lease 125 million cubic feet per day (MMcf/d) of pipeline capacity accessing natural gas supplies from the Anadarko, Hugoton and Rocky Mountain basins.
 TETCO plans to make available to its customers 125 MMcf/d of capacity on Transok, Inc.'s existing pipeline system in Oklahoma. The 20-year capacity lease provides for options to shorten the term to 15 years and for expansion rights.
 "The Transok lease through interconnections with Williams Natural Gas Company and Panhandle Eastern Pipe Line Company provides Texas Eastern and its customers additional supply diversity with access to the abundant gas supplies in the Midcontinent and Rocky Mountain areas," said George L. Mazanec, TETCO president.
 Natural gas supplies being transported via the Transok capacity lease will be delivered into pipeline capacity leased by TETCO from Arkla Energy Resources and then will be made available to TETCO's system through four different transportation paths.
 Transok is a major aggregator and processor of natural gas in Oklahoma and has a daily throughput on its pipeline system of approximately 1,200 MMcf/d.
 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- 8/11/93
 /CONTACT: Danny P. Gibbs, media relations, 713-627-5011, or Brad Porlier, investor relations, 713-627-4600 or 800-347-3636, both of Texas Eastern Transmission Corporation/
 (PEL)


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

TM -- NY094 -- 1861 08/11/93 16:49 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
Words:283
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