Spectra Energy Offers Appalachian Producers Pathway to Market, Scaled Expansion Program Will Match Production Timelines

2008-08-04 07:45:00

Spectra Energy Offers Appalachian Producers Pathway to Market, Scaled Expansion Program Will Match Production Timelines

    HOUSTON, Aug. 4 /EMWNews/ -- Texas Eastern Transmission,

LP, ("Texas Eastern"), a subsidiary of Spectra Energy (NYSE: SE), today

announced a non-binding open season for its Texas Eastern Appalachia to

Market (TEAM) expansion program, a proposed expansion to transport emerging

Appalachian natural gas production to premium markets in the northeast

United States, including Mid-Atlantic and New England states.



    



    "Our advantage is twofold -- an existing footprint in the region that

is well positioned to connect this new supply to market, and a strong track

record of designing and constructing cost-effective expansion projects that

are timed and sized to meet customers' needs," said Bill Yardley, group

vice president, Spectra Energy Transmission. "This project will allow

producers to connect their Appalachian supplies to premium markets, and

shippers to reach back to the increasing number of supply points in the

West Virginia and Pennsylvania regions."



    The TEAM expansion program has a targeted capacity of approximately 300

million cubic feet per day (mmcf/d), but will be scaleable and sized to

meet customer needs. The expansion will utilize existing rights of way,

wherever possible, which will minimize both project costs and effects on

landowners and the environment.



    The first phase of the scaleable expansion program is targeted to be in

service as early as November 1, 2011.



    The non-binding open season runs from August 1, 2008, to August 29,

2008. Interested parties should contact Bob Riga at (617) 560-1436 or

rgriga@spectraenergy.com, or Sean Foley at (617) 560-1359 or

spfoley@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 18,000 miles of transmission

pipeline, 265 billion cubic feet of storage, natural gas gathering and

processing, natural gas liquids operations and local distribution assets.

Spectra Energy Corp also has a 50 percent ownership in DCP Midstream, the

largest natural gas gatherer and processor in the United States. For more

information, visit http://www.spectraenergy.com .





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