Piedmont Grabs Stake in Dominion's Greenbrier Pipeline Project

Dominion's proposed Greenbrier Pipeline from West Virginia to North Carolina has gained a significant partner with a substantial market presence. Piedmont Natural Gas, which has 700,000 local distribution customers in North Carolina, has taken a 33% stake in Dominion's 263-mile interstate pipeline project.

The proposed system, which is expected to be filed with FERC in the first quarter of 2002, would link multiple natural gas supply basins and storage to growing demand in residential, commercial, industrial and power generation markets in the Southeast.

The Greenbrier Pipeline, which was originally announced by Dominion last October, will originate in Kanawha County, WV, with connections to Dominion Transmission and Tennessee Gas Pipeline. The pipeline will extend through southwestern Virginia and into Granville County, NC. The $497 million pipeline, which will be designed, constructed and operated by Dominion Transmission, will be project-financed by the project owners.

"Dominion's commitment to site generation in North Carolina will bring significant benefits to both natural gas and electricity consumers," said Piedmont CEO Ware Schiefer.

The initial capacity of the Greenbrier pipeline will be 600,000 Dth/d. Gas supplies delivered from Dominion Transmission and Tennessee Gas Pipeline into Greenbrier near Charleston, WV, could come from the Appalachian, Canadian, Gulf Coast and Mid-Continent regions or storage facilities operated by Dominion. A segment of the pipeline is expected to be ready for service by the second quarter of 2005 to meet power generation market requirements, with the remainder completed by the fourth quarter of 2005 to satisfy the market requirements of local natural gas utilities.

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