Rockies Natural Gas To Move East
* Dominion Hub I will allow Rocky Mountain basin gas to reach East, Mid-Atlantic
RICHMOND, Va. – Dominion (NYSE: D) announced today that it has secured firm, long-term commitments to receive natural gas supplies from a new pipeline, Rockies Express (REX), and deliver it to major natural gas markets in the Northeast and Mid-Atlantic regions.
Dominion’s project, named Dominion Hub I, is the first transportation project to provide firm access from the REX pipeline to the Northeast and Mid-Atlantic regions.
“We are proud to offer Rocky Mountain basin producers market access for this new gas supply,” said Gary Sypolt, president of Dominion Transmission. "The robust Dominion natural gas pipeline and storage grid ensures that REX shippers will have year-round access to local distributors, industrial consumers and power generation markets throughout the eastern seaboard.”
The cornerstone of the Dominion Hub I project is an agreement to transport natural gas from Ohio to the Dominion market area. Subject to regulatory approvals, Dominion expects to complete related facility construction and begin firm service in November 2009.
Dominion is one of the nation’s largest producers of energy, with a portfolio of more than 26,500 megawatts of generation and 7,800 miles of natural gas transmission pipeline. Dominion also owns and operates the nation’s largest underground natural gas storage system with about 960 billion cubic feet of storage capacity and serves retail energy customers in 11 states. For more information about Dominion, visit the company’s Web site at http://www.dom.com.
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