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Tres Palacios Gas Storage Receives Permission to Commence Service from FERC
2008-08-08 09:00:00
Tres Palacios Gas Storage Receives Permission to Commence Service from FERC
WESTPORT, Conn., Aug. 8 /EMWNews/ -- Tres Palacios Gas Storage LLC, a wholly owned subsidiary of Westport, CT-based NGS Energy LP announced today the receipt of their first approval from the Federal Energy Regulatory Commission (FERC) to commence service of the first cavern of the facility. The FERC notice will allow Tres Palacios to start limited operations on a portion of the system. Tres Palacios anticipates receiving FERC permission to commence operations on the rest of the system by the end of August, 2008 so that commercial activities may begin in September. The new high performance salt dome storage facility located in Matagorda County, Texas will be interconnected with 10 interstate and intrastate pipelines, including: Florida Gas, Transco (near Sta 30), Tennessee, NGPL, CTGS (Transco/Tennessee), HPL, TETCO, Enterprise Texas, Enterprise Texas Intrastate and Kinder Morgan Tejas. When all three caverns are placed into service, the facility will offer 36 BCF of working gas capacity to storage customers. The Project has been authorized to inject up to 1 BCF/d and withdrawal up to 2.5 BCF/d. The company is also holding a binding open season for firm storage capacity that is available April 1, 2009. The deadline for submitting bids is September 4th. Any interested parties with questions concerning this open season or general inquiries regarding firm capacity commitments may contact Mark McConnell at (203) 557-1000 or see the information on their Website: http://www.ngsenergy.com.
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