Spectra Energy to Hold Open Season to Provide New T-South Enhanced Firm Transportation Service
CALGARY, Alberta – Spectra Energy Corp (NYSE: SE) today announced a binding open season for a proposed new transportation service on the company’s Transportation South (T-South) Zone 4 natural gas transmission facilities in southern British Columbia.
The new service will provide for the transportation of natural gas from Spectra Energy’s Compressor Station 2 to the Kingsgate export point located at the interconnection of the facilities of Foothills Pipe Lines (South BC) and Gas Transmission Northwest (GTN).
“This new service offering will provide all of our customers with enhanced options”, said Rob Whitwham, vice president, pipeline, Spectra Energy Transmission (West). “Upstream customers will benefit from additional access to traditional markets, as well as markets not directly served by Spectra Energy’s facilities. Downstream customers will benefit from increased supply optionality from the rapidly growing production areas in northeast British Columbia.”
Two service options will be offered to prospective customers. Basic Service will provide rights to transport gas on a firm service basis from the Compressor Station 2 receipt point to the Kingsgate delivery point, while Premium Service will offer rights to transport gas on a flexible firm basis from the Compressor Station 2 receipt point to the Kingsgate delivery point and/or the Huntington delivery point.
The new services are expected to be available by November 1, 2009, and are dependent on the company entering into an agreement with Terasen Gas Inc. (Terasen Gas) for up to 87 million cubic feet per day (MMcf/d) of firm transportation capacity on Terasen Gas’ Southern Crossing pipeline, and Terasen Gas contracting for transportation service on the Foothills Pipe Lines (South BC) system from Yahk, B.C. to the Kingsgate export point.
“Terasen Gas is pleased to be working with Spectra Energy on this regional energy solution driven by the exciting new B.C. production developments,” said Cynthia DesBrisay, vice president, Gas Supply and Transmission, Terasen Gas. “It is excellent news for our customers as these services help to improve infrastructure efficiency in the region.”
Interested parties must submit a service request prior to the close of the open season period on August 21, 2009, at 12:00pm, MDT. The details of the open season and the service request forms will be posted on www.wei-pipeline.com. For enquiries regarding the open season, customers should contact Greg Staple, Director Marketing and Business Development, Spectra Energy Transmission (West) by telephone at 604-691-5721 or by email at gstaple@spectraenergy.com.
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, 275 billion cubic feet of storage, 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 companies. For more information, visit www.spectraenergy.com.
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