Nipsco: Interest in Crossroads More than Expected
Crossroads Pipeline Co., a subsidiary of Nipsco Industries, said Thursday
its open season to test shipper interest in the Crossroads Pipeline expansion
exceeded the company's expectations. Companies expressed interest in over
600,000 Dth/d for the proposed interconnect. The open season for the Crossroads
expansion began February 16 and ended March 31.
The expansion's capacity has not been determined yet, Maria Hibbs, a
Nipsco spokesperson said, because no commitments have been received. She
expects to receive customer commitments within the next 45-60 days. Hibbs
declined to answer how much of the 600,000 Dth/d would turn into commitments.
The expansion was first announced in February (see NGI
Feb. 15). It will cost between $35-$45 million to build the 25-mile
extension which will interconnect with Northern Border Pipeline and NGPL
at North Hayden, IN. If completed, the expansion would increase throughput
300% from its current 150,000 Dth/d level. It would also increase the FT
rate that is currently $0.1093/Dth.
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