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NORTHERN NATURAL GAS ANNOUNCES EAST LEG 2000 OPEN SEASON RESULTS
FOR IMMEDIATE RELEASE: Tuesday, July 29, 1997
HOUSTON - Northern Natural Gas Company (Northern), a subsidiary of Enron Corp., announced today that its East Leg 2000 Open Season resulted in requests totaling over 650,000 MMBtu/d, exceeding the target volume of 450,000 MMBtu/d. More than 20 shippers representing local distribution companies, producers and aggregators, as well as industrial end users and power generators submitted requests. Northern will begin final negotiations immediately to complete precedent agreements with each participant.
"We are very excited about the strong response that we received and are anxious to go forward with the project," said William R. Cordes, President of Northern Natural Gas Company. "It is important for markets to have competitive transportation options and we believe an expansion of this size effectively matches incremental production from Canada with the market needs in Iowa, Illinois and Wisconsin."
The East Leg 2000 project will result in construction of branchline and town border station facilities in addition to a major mainline loop. Projected in-service date is November 1, 1999.
Enron Corp., one of the world's largest integrated natural gas and electricity companies with approximately $19 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's internet address is www.enron.com and its common stock is traded under the ticker symbol, "ENE."
For additional information please contact:
Elaine Thomas
713-853-6814
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