- Dominion Hub III open season underway
- Existing customers can move receipt point to Ohio
- Projected design of 300,000 dekatherms per day
RICHMOND, Va., Nov. 16 /PRNewswire-FirstCall/ -- Dominion (NYSE: D)
announced today a project to offer its customers increased access to new
natural gas supplies expected from the Rocky Mountain region.
Under the Dominion Hub III Project, existing firm transportation
customers of Dominion Transmission will have the opportunity to move their
firm receipt rights to a planned interconnection with the Rockies Express
Pipeline at Clarington, Ohio. Customers would retain their existing
delivery points to move these supplies to growing Northeast markets.
The Hub III Project is a response to a growing interest in Rockies
supplies by customers on the Dominion Transmission system.
"The Dominion advantage is that the Rockies pipeline will interconnect
directly with the Dominion Transmission system," said Donald R. Raikes,
vice president-Marketing & Customer Services. "Therefore, instead of
requiring significant greenfield build, the Hub III Project will maximize
the efficient use of existing pipeline infrastructure and have less impact
on the environment. The Hub III Project can be in place quickly, with
minimal construction, and will bolster the value of Dominion's firm
transportation services."
In June of this year, Dominion announced it was the first pipeline to
sign firm precedent agreements to move Rockies supplies into east coast
markets as part of its Dominion Hub I Project.
The current Hub III Project design would allow approximately 300,000
dekatherms per day of existing firm receipt point entitlements to be
transferred to the Clarington Interconnect. Interested shippers with
contracted primary receipt point rights south of Valley Gate will have the
opportunity to reassign these receipt point rights to the planned
Clarington Interconnect. Dominion Hub III participants will continue to
have secondary access to all other points on Dominion's postage stamp
system, including access to Dominion South Point.
Dominion anticipates charging an incremental reservation surcharge for
this receipt point realignment based on the expected cost of the required
facilities. The target surcharge is currently a unit rate of $0.06 per
dekatherm. Rates for this service will be based on the level of market
participation and the final design of the project's facilities.
"The Hub III Project is a win/win proposal for both Dominion customers
and Rockies producers," Raikes said. "For current customers, the project
will provide access to an important source of incremental gas supplies from
the growing Rockies basin. For the Rockies producers, the Dominion Hub III
Project will provide access to major liquid Northeast markets as well as to
the nation's largest gas storage network."
For additional information, customers can contact Jeff Keister, at
(804) 819-2820.
Dominion is one of the nation's largest producers and transporters of
energy, with a portfolio of approximately 26,500 megawatts of generation,
7,800 miles of natural gas transmission pipeline and 1 trillion cubic feet
equivalent (Tcfe) of proved natural gas and oil reserves. 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.
SOURCE Dominion
 back to top
Related links:
http://www.dom.com
CONTACT:
Dan Donovan of Dominion, +1-412-690-1370,
+1-412-951-1080
|
