Texas Eastern Transmission Finalizes Its TIME III Project to Bring Rocky Mountain Natural Gas Supply to the Northeast

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May 19, 2008

Texas Eastern Transmission, LP, a subsidiary of Houston-based Spectra Energy (NYSE: SE), has finalized the design of its TIME III pipeline expansion project that will connect the Northeast United States with new Rocky Mountain natural gas supplies by November of 2010.

Texas Eastern’s TIME III Project will provide approximately 120 million cubic feet per day of additional natural gas transportation capacity along the path from Oakford, Pa., to Station 195 on the Transcontinental Gas Pipe Line Corporation (Transco) pipeline system in York County, Pa.

“The TIME III Project is the fourth expansion of our Texas Eastern system to respond to shippers’ needs to transport new Rockies supplies to major Northeast markets,” said Bill Yardley, group vice president, Spectra Energy Transmission. “The Texas Eastern projects are an important part of Spectra Energy’s strategy to efficiently and economically expand our systems to deliver greater volumes of natural gas into the Northeast. Our efforts will increase the region’s access to more diverse and flexible supply while enhancing the deliverability of the interstate transmission grid.”

The TIME III Project’s new facilities will involve the replacement of segments of the existing pipeline and construction of new pipeline along the existing Texas Eastern corridor. Utilizing existing facilities will minimize potential impacts to landowners, communities and the environment.


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