FERC approves new interstate natural gas pipeline for eastern US

Jul 20, 2000 02:00 AM

The Federal Energy Regulatory Commission (FERC) has issued an order authorising Independence Pipeline Company to construct and operate a new interstate natural gas pipeline designed to serve growth markets in Ohio, Pennsylvania and the eastern United States.
"We appreciate the FERC's efforts in acting expeditiously after we filed our binding precedent agreements, and we are extremely pleased that a certificate has been issued," the project sponsors said in a joint statement. "This is a major step for the project, and it affirms our belief that Independence can play an important role in meeting the nation's long-term energy needs."

Independence Pipeline is a general partnership formed by subsidiaries of The Coastal Corporation's ANR Pipeline Company subsidiary, Williams' Transco pipeline and National Fuel Gas Company. The pipeline will be strategically located to provide additional transportation capacity between increasing supplies of natural gas in the Midwest and expanding markets throughout the eastern United States.
The $ 678 mm Independence Pipeline will consist of approximately 400 miles of 36-inch diameter pipe, extending from ANR's existing compressor station at Defiance, Ohio, to Williams' Transco's and National Fuel's facilities in Leidy, PA. It will have an initial capacity of 916 mm cfpd. The proposed in-service date is November 2002.

Williams, through its subsidiaries, connects businesses to energy and communications. The company delivers innovative, reliable products and services through its extensive networks of energy-distributing pipelines and high-speed fibre-optic cables.

National Fuel is an integrated energy company with $ 2.9 bn in assets comprised of the following six operating segments: Utility, Pipeline and Storage, Exploration and Production, International, Energy Marketing and Timber.

The Coastal Corporation is a Houston-based energy holding company with consolidated assets of $ 15 bn and subsidiary operations in natural gas transmission, storage, gathering/processing and marketing; oil and gas exploration and production; petroleum refining, marketing and distribution; chemicals; power production; and coal.
Coastal and El Paso Energy Corporation announced on Jan. 18 a definitive agreement to merge Coastal with a subsidiary of El Paso, subject to various approvals. The merger is expected to be completed during the fourth quarter of this year.

Source: Independence Pipeline Company via Newspage
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