Millennium Pipeline Launches 2008 Construction
PEARL RIVER, N.Y., May 27 /PRNewswire/ -- Millennium Pipeline Company, L.L.C. announced today that it has commenced its 2008 Construction Program to complete the 182-mile-long, 30-inch-diameter natural gas pipeline across New York's Southern Tier and lower Hudson Valley. More than 90 percent of the pipeline will be installed within or adjacent to existing pipeline rights-of-way. Millennium is the centerpiece of a $1 billion investment in new energy infrastructure that includes new facilities by Empire Pipeline, Algonquin Gas Transmission and the Iroquois Gas Transmission systems.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061206/MILLPIPELINE ) Millennium Pipeline began construction activities last year with the installation of approximately 12 miles of pipeline, mostly in Orange and Rockland counties. The majority of the mainline pipeline installation work, however, will be performed in 2008 to meet the project's November 2008 targeted in-service date. Some land restoration and environmental monitoring work will extend into 2009 and beyond. More than 2,000 workers -- many of them hired locally -- will be involved in this major construction project.
"After years of extensive planning, careful preparation, and detailed coordination, we're very excited to be launching our major construction efforts to complete this critical energy project in New York State," said President Dick Leehr. "We're on schedule to bring much-needed natural gas supplies to serve the region for the upcoming winter season." "This pipeline is critical to our economic future in New York. Not only will it supply much needed new sources of natural gas supply to serve Southeastern New York, it will provide greater reliability in service to the region and enhance the value of developing storage fields and local production interests in the Southern Tier. This year alone the Project is expected to inject millions of dollars into the upstate economy," noted Paul DeCotis, New York State's Deputy Secretary for Energy. The contractors selected to perform the pipeline construction work are U.S. Pipeline, Inc. (USPL), a Houston-based pipeline construction and engineering services company, and Precision Pipeline, LLC of Eau Claire, WI. Midwest Underground Technology will install horizontal directional drill crossings below selected rivers, streams and roadways. For more information, please visit the Millennium website at http://www.millenniumpipeline.com/ The Millennium Pipeline is anchored by its customers National Grid, Consolidated Edison of New York, Central Hudson Gas and Electric Corporation and Columbia Gas Transmission Corporation. Millennium will serve markets along its route in the Southern Tier and lower Hudson Valley as well as providing essential service to the New York City markets through its pipeline interconnections. Millennium will transport up to 525,400 Dth/day when it is scheduled to go into service in November 2008. Millennium is jointly owned by affiliates of NiSource Inc., National Grid and DTE Energy. For Additional Information: Media Contacts: Millennium Pipeline Company, L.L.C. Mike Armiak (845) 620-1300
NiSource Inc. (NYSE:NI), based in Merrillville, Ind., is a Fortune 500 holding company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. NiSource operating companies deliver energy to 3.7 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Information about NiSource and its subsidiaries is available via the Internet at http://www.nisource.com/. National Grid is an international electricity and gas delivery company and one of the largest investor-owned energy companies in the world. In the US, National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island under an agreement with the Long Island Power Authority. National Grid is the largest power producer in New York State, owning 6,650 megawatts of electricity generation that provides power to over one million customers on Long Island and supplies roughly a quarter of New York City's electricity needs. It is also the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in New York, Massachusetts, New Hampshire and Rhode Island. National Grid owns the high-voltage electricity transmission network in England and Wales. It also owns and operates the high pressure gas transmission system in Britain and its distribution business delivers gas to 11 million homes and businesses. Information about National Grid is available at http://www.nationalgrid.com/. DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its largest operating units are Detroit Edison, an electric utility serving 2.2 million customers in southeastern Michigan, and MichCon, a natural gas utility serving 1.3 million customers in Michigan. The DTE Energy portfolio of businesses also includes non-utility energy businesses focused on power and industrial projects, coal and gas midstream, unconventional gas production and energy trading. In 2006, DTE Energy posted revenues of approximately $9 billion. Information about DTE Energy is available at http://www.dteenergy.com/. Forward-looking statements: This news release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are subject to various risks and uncertainties. The factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed herein include, among others things, risks associated with contract termination rights, increased competition in deregulated energy markets, weather, fluctuations in supply and demand for energy commodities, growth opportunities, dealings with third parties over whom Millennium has no control, actual operating experience, the regulatory process, regulatory and legislative changes, changes in general economic, capital and commodity market conditions, and counter-party credit risk, many of which are beyond the control of Millennium. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Millennium does not undertake any obligation to publicly release any revision to these forward-looking statements to reflect events or circumstances after the date of this news release. Photo: http://www.newscom.com/cgi-bin/prnh/20061206/MILLPIPELINE
CONTACT: Mike Armiak of Millennium Pipeline Company, L.L.C., Web site: http://www.millenniumpipeline.com/
2008-05-27 16:56:07 0371067 PRNEWSWIRE
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