Spectra Energy Establishes New Pennsylvania Office
HOUSTON – Spectra Energy Corp (NYSE: SE) has opened a western Pennsylvania office, located in Pittsburgh, to support its capital development projects, including the proposed Texas Eastern Appalachia to Market (TEAM) expansion program. TEAM will bring rapidly emerging Appalachian production to key markets in Pennsylvania and the rest of the northeast United States.
“On all of our projects, we make every effort to be readily accessible to those who are interested in our facilities and expansion plans,” said Bill Yardley, group vice president, Spectra Energy Transmission. “The new office provides us with the opportunity to be closer to our customers and stakeholders in Pennsylvania as we develop the pipeline infrastructure needed to move Appalachian gas supplies into the region.”
Spectra Energy’s Texas Eastern pipeline system traverses the Appalachian formation, which spans the regions of West Virginia, eastern Ohio, western and northern Pennsylvania and southern New York.
“Texas Eastern is perfectly positioned to connect Appalachian supply with major markets and we’re able to do it quickly and cost-effectively,” said Bob Riga, general manager of Northeast marketing, Spectra Energy Transmission, who will head up the new office. “And, given our years of experience and existing footprint, we’re able to expand responsibly, managing costs and minimizing impacts to landowners, communities and the environment.”
With a targeted capacity of 300 million cubic feet per day, the TEAM expansion program will be developed over several years to match production growth in the Appalachian basin area. Initial in-service is projected to be as early as November 2011.
In addition, Texas Eastern has received more than 35 requests from various producers to establish interconnections with their pipeline laterals in the central and southwestern Pennsylvania production areas. The requests total more than 1.9 billion cubic feet per day of capacity through 2010. Several of these interconnections have been completed and are expected to deliver more than 150 million cubic feet of natural gas per day into the Texas Eastern system.
Spectra Energy’s office is located at Foster Plaza 5, 651 Holiday Drive, Suite 300, in Pittsburgh.
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,900 miles of transmission pipeline, more than 275 billion cubic feet of storage, as well as natural gas gathering and processing, natural gas liquids operations and local distribution assets. The company also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. Spectra Energy was recently ranked by FORTUNE as the world’s “most admired” pipeline company. For more information, visit www.spectraenergy.com.
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