Iroquois Announces Wright Interconnect Project

Tue Jan 22, 2013 7:00am EST

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SHELTON, Conn.,  Jan. 22, 2013  /PRNewswire/ -- Iroquois Gas Transmission System
("Iroquois"), in conjunction with Constitution Pipeline ("Constitution"),
announced today that Iroquois will pursue development of the Wright Interconnect
Project ("WIP"), an expansion of its existing compression and metering
facilities in Wright,  New York.  WIP  will enable delivery of up to 650,000
Dth/d of natural gas from the terminus of the proposed Constitution Pipeline in 
Schoharie County, NY  into both Iroquois and the Tennessee Gas Pipeline under a
15 year capacity lease agreement with Constitution.

The proposed Constitution Pipeline is being developed to bring rapidly growing
natural gas supplies from northeastern  Pennsylvania  to meet the energy needs
of  New York  and New England - markets served by both Iroquois and  Tennessee.

Leasing the  WIP  capacity from Iroquois will allow Constitution to eliminate
their proposed compression facility, thereby reducing impact on the environment
and the Wright,  New York  community. Iroquois' integration of the  WIP  design
at its existing facility is expected to reduce potential emissions when compared
to Constitution's previously proposed compression site.

According to  Scott Rupff, Vice President of Marketing, Development and
Commercial Operations, "WIP  further diversifies supply options for our
customers, enhances system reliability and reduces supply cost. The additional
gas supply will help us support Governor Malloy's Comprehensive Energy Strategy
in  Connecticut  and Governor Cuomo's Energy Highway initiative in  New York. 
We look forward to working with Constitution to bring supplies from the
burgeoning Marcellus shale basin to the Northeast."

WIP  is targeted for an in-service date of  March 2015  to coincide with the
startup of the Constitution Pipeline.   

About Iroquois

Iroquois Gas Transmission System, L.P. is the owner of an interstate natural gas
pipeline extending 416 miles from the US-Canadian border at  Waddington, New
York, through the state of  Connecticut  to  South Commack,  Long Island, NY and
Hunts Point,  Bronx, NY. The company is regulated by the Federal Energy
Regulatory Commission ("FERC"). Since commencing operations in  December 1991,
Iroquois has more than doubled its design day capacity. The pipeline is operated
by the Iroquois Pipeline Operating Company, a wholly owned subsidiary of
Iroquois.  Iroquois is a Limited Partnership owned by affiliates of TransCanada
PipeLines Limited, Dominion Resources, Inc., National Grid, New Jersey Resources
and Iberdrola  USA.  



About Constitution Pipeline Company, LLC  

Constitution Pipeline Company, LLC is a proposed, approximately 120-mile
interstate natural gas pipeline project designed to transport natural gas
produced in northeastern  Pennsylvania  to existing transmission pipeline
infrastructure located in  Schoharie County, NY. For more information about the
proposal, visit the company's website at  www.constitutionpipeline.com.  

FORWARD-LOOKING STATEMENT DISCLAIMER

This press release contains various forward-looking statements. Such
forward-looking statements are based on current expectations, are not guarantees
of future performance and include assumptions about future market conditions,
operations and results. Iroquois can give no assurance that such expectations
will be achieved. Among the many factors that could cause actual results to
differ materially from those in the forward-looking statements herein are:
future demand and prices for natural gas; availability of supplies of natural
gas; regulatory, political, legislative and judicial developments, particularly
with regard to regulation by the Federal Energy Regulatory Commission; the
timing and cost of Iroquois' expansion projects; competitive conditions in the
marketplace; changes in the receptivity of the financial markets to Iroquois or
other oil and gas credits similar to Iroquois and, accordingly, our strategy for
financing any such change in business strategy or expansion.   

CONTACT:
Scott Rupff, 203-925-7291
Todd White, 203-925-7284

 

SOURCE  Iroquois Gas Transmission System, L.P.

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