|
TRANSWESTERN PIPELINE COMPANY ANNOUNCES SECOND SAN JUAN EXPANSION
FOR IMMEDIATE RELEASE: Wednesday, May 21, 1997
HOUSTON - Transwestern Pipeline Company (Transwestern), a subsidiary of Enron Corp., announced today an expansion project that will provide additional firm capacity of 115 million cubic feet per day(MMcf/d) on Transwestern's jointly owned line from Ignacio, Colorado to Blanco, New Mexico and 130 MMcf/d from Blanco, New Mexico to Thoreau. Transwestern's existing capacity is 276 MMcf/d from Ignacio to Blanco and 775 MMcf/d from Blanco to Thoreau.
Transwestern has filed a 7(c) application with the Federal Energy Regulatory Commission (FERC) for approval to construct and operate an additional 2,000 horsepower electric compressor unit at Transwestern's existing La Plata "A" Compressor Station in La Plata County, Colorado (the expansion from Ignacio to Blanco) and a new 15,000 horsepower gas turbine compressor station near Standing Rock, New Mexico (the expansion from Blanco to Thoreau.) The cost of the proposed expansion, which is expected to be in service by May 1, 1998, is approximately $17.2 million.
"Following a posting on our electronic bulletin board requesting expressions of interest, we have now reached agreement with a number of participating shippers and are in the process of executing definitive contracts with these parties," said William R. Cordes, President of Transwestern Pipeline Company. "We think the need for this expansion is clear and we look forward to providing additional transportation service from the San Juan Basin."
Transwestern has the capacity to transport natural gas in excess of 1 billion cubic feet per (Bcf/d) day to its California market and 0.6 Bcf/d to markets on the east end of the system. Transwestern represents 2,660 miles of pipeline operated by an Enron subsidiary in the United States.
Enron Corp., one of the world's largest integrated natural gas and electricity companies with approximately $15 billion in assets, operates one of the largest natural gas transmission systems in the world; is the largest purchaser and marketer of natural gas and the largest non-regulated marketer of electricity in North America; is a leading participant in liberalized energy markets in the United Kingdom and the Nordic Countries; markets natural gas liquids worldwide; manages the largest portfolio of fixed-price natural gas risk management contracts in the world; is among the leading entities arranging new capital to the energy industry; owns a majority interest in Enron Oil & Gas Company, one of the largest independent (non-integrated) exploration and production companies in the United States; owns a majority interest in Enron Global Power & Pipelines L.L.C., which is owner and manager of operating power plants and natural gas pipelines around the world; is one of the largest independent developers and producers of electricity in the world; and is a major supplier of solar and wind renewable energy worldwide. Enron is traded under the ticker symbol, "ENE."
For additional information please contact:
Elaine Thomas
(713) 853-6814
 |
