CenterPoint Energy Gas Transmission Company Signs Precedent Agreement With XTO to Transport Natural Gas
2005年10月25日 - 10:01PM
PRニュース・ワイアー (英語)
CEGT to Construct New Pipeline From East Texas to Perryville Hub
HOUSTON, Oct. 25 /PRNewswire-FirstCall/ -- CenterPoint Energy, Inc.
(NYSE:CNP) announced that its indirect, wholly-owned interstate
natural gas pipeline subsidiary, CenterPoint Energy Gas
Transmission Company (CEGT), executed a definitive Precedent
Agreement with XTO Energy Inc. (NYSE:XTO) for CEGT to transport
approximately 600 million cubic feet per day of XTO's natural gas
production for ten years. To fulfill the requirements of the
Agreement, CEGT will construct a new 168-mile pipeline between
Carthage, Texas and its Perryville Hub in northeast Louisiana. The
$375 million pipeline will have an initial design capacity of
approximately one billion cubic feet per day. The pipeline could be
in service as early as the winter of 2006-2007. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020930/CNPLOGO ) "This new
pipeline will add significant capacity to the region, thereby
bringing additional gas supplies to the marketplace," said David M.
McClanahan, president and chief executive officer of CenterPoint
Energy. "This project is a natural complement to our existing
pipelines business and an important element of our growth
strategy." "XTO Energy continues to grow production volumes across
its north and east Texas operations. All the while, our natural gas
marketing team is prudently managing for the best opportunities in
infrastructure and economics," noted Vaughn O. Vennerberg II,
senior executive vice president and chief of staff of XTO Energy.
"This Agreement is another step in securing the firm transportation
needed to access the compelling markets of the eastern U.S." "We
are pleased that CenterPoint Energy will have the opportunity to
transport XTO's significant production volumes from northeast Texas
to our Perryville Hub," said Byron Kelley, president and COO of
CenterPoint Energy's pipeline group. "We believe the superior value
proposition represented by our Perryville Hub, which provides
excellent liquidity and access to numerous markets in the Midwest
and Northeast, was key to ultimately executing this agreement. "We
are aggressively developing the engineering, permitting, and other
elements required for a FERC application and believe that by
working cooperatively with the FERC, we can have these facilities
in place to provide this much needed gas to the market for the
2006-2007 winter season," said Kelley. In the near future, CEGT
will hold an open season to solicit interest in the project's
remaining capacity. CEGT will also evaluate an extension of the
project to gain incremental access to pipelines primarily serving
southeastern markets. CenterPoint Energy, Inc. headquartered in
Houston, Texas, is a domestic energy delivery company that includes
electric transmission and distribution, natural gas distribution
and sales, interstate pipeline and gathering operations. The
company serves nearly five million metered customers in Arkansas,
Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Assets
total approximately $16 billion. With more than 9,000 employees,
CenterPoint Energy and its predecessor companies have been in the
business for more than 130 years. For more information, visit the
Web site at http://www.centerpointenergy.com/ . This news release
includes forward-looking statements. Actual events and results may
differ materially from those projected. The statements in this news
release regarding future events and other statements that are not
historical facts are forward-looking statements. Factors that could
affect actual results include the financial performance of
CenterPoint Energy, the timing and impact of future regulatory
decisions, and other factors discussed in CenterPoint Energy's and
its subsidiaries Form 10-Ks for the period ended Dec. 31, 2004, and
Form 10-Qs for the periods ended March 31, 2005 and June 30, 2005,
and other filings with the Securities and Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20020930/CNPLOGO
http://photoarchive.ap.org/ DATASOURCE: CenterPoint Energy, Inc.
CONTACT: media, Leticia Lowe, +1-713-207-7702, or investors,
Marianne Paulsen, +1-713-207-6500, both of CenterPoint Energy, Inc.
Web site: http://www.centerpointenergy.com/
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