DTE Energy Part Of New Pipeline For Shale Gas
DETROIT -- The Detroit utility holding company DTE Energy (NYSE: DTE), Calgary, Alberta-based Enbridge Inc. (NYSE: ENB) and Houston, Texas-based Spectra Energy Corp. (NYSE: SE) Monday announced a partnership to develop a new pipeline to move growing supplies of natural gas developed from Utica shale formations in Ohio to markets in the Midwest, including Ohio, Michigan and Ontario.
The pipeline will be called the Nexus Gas Transmission system, or NGT.
The proposed NGT project will originate in northeastern Ohio, include approximately 250 miles of large diameter pipe, and be capable of transporting one billion cubic feet per day of natural gas. The line will follow existing utility corridors to an interconnect in Michigan and utilize the existing Vector Pipeline system to reach the Ontario market. Upon completion of the project, Spectra Energy will become a 20-percent owner in Vector Pipeline, a joint venture between DTE Energy and Enbridge.
The new pipeline will serve local distribution companies, power generators and industrial users in the Ohio, Michigan and Ontario markets. It will include interconnects with Michigan Consolidated Gas Co., Consumers Energy and, through the Vector Pipeline, the Enbridge Tecumseh Gas Storage facility and Union Gas' Dawn Hub, both in Ontario. Vector Pipeline L.P. is a partnership between Enbridge and DTE Energy.
The partners have received expressions of interest for a significant level of firm capacity to anchor the project. An open season for the project is planned for fourth quarter 2012, with a targeted in-service as early as November 2015, depending on final market demand and commitments.
DTE Energy is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include Detroit Edison, an electric utility serving 2.1 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.2 million customers in Michigan and other non-utility, energy businesses focused on gas storage and pipelines, unconventional gas production, power and industrial projects, and energy trading.
More at www.dteenergy.com, www.enbridge.com, www.spectraenergy.com and www.vector-pipeline.com.
