expects to file an application for Phase II with FERC and anticipates an in-service date in the second quarter of 2009.
Also in recent weeks, the FERC approved plans by CEGT
and DEGT to begin the pre-filing process for the construction of approximately 270 miles of new 36-inch diameter natural gas pipeline as well as new compression from the Perryville Hub in northern Louisiana to the Gulfstream Natural Gas System near southern Mobile County, AL.
The PTP will provide access to numerous supply basins and markets from which to transport or wheel gas to points on the CEGT system and the broader interstate pipeline grid," said Poe Reed, division senior vice president and chief commercial officer of CenterPoint Energy's Pipelines business.
To accommodate trading needs, CEGT also has applied to list the PTP as a trading point on the Intercontinental Commodity Exchange (ICE), allowing users to manage risks confidently and in real time.
For additional information, visit the CEGT
Web site at pipelines.
Gas production from the Fayetteville Shale remains robust, and an additional expansion of CEGT's core pipeline system would provide these incremental supplies access to the interstate pipelines serving the Midwest and Northeast," said Cy Zebot, Senior Vice President and Chief Commercial Officer for CEGT.
CEGT anticipates that such incremental capacity would be provided with additional compression and line looping of Lines J and JM-1.
To fulfill the forward haul requirements of the Agreement, CEGT
will add a new compressor to each of the existing Line CP compressor stations at Westdale and Vernon.
We're pleased to be entering into this important and strategic transaction with a proven storage developer and we look forward to the expeditious development of these key assets," said Cy Zebot, CEGT
Senior Vice President and Chief Commercial Officer.
is an indirect, wholly-owned interstate natural gas pipeline subsidiary of CenterPoint Energy, Inc.
and DEGT will conduct a new 60-day open season to solicit interest from producers seeking to deliver to premium markets farther north, as well as end- use markets looking to diversify their supply portfolios to include a greater share from western basins.
and DEGT are proceeding towards the formation of a new joint venture for this project and upon completion of negotiations, the companies plan to move forward with implementing the project.