Friday, June 02, 2006

Gas Pipeline to Northeast

From Bloomberg via the New York Times:
CenterPoint Energy and Duke Energy have proposed a 1,600-mile pipeline to transport natural gas to the Northeast from production areas in West Texas and the Rocky Mountain states to meet growing demand.

The pipeline, an expansion of an earlier plan, would extend from the Waha area, near Midland, Tex., to the Philadelphia area, the companies said in a joint statement yesterday. A 60-day auction will be held to determine interest in the project, which would have the capacity to move as much as 1.75 billion cubic feet of gas a day. No estimate of the cost was provided by the companies.