Subsidiaries

Enbridge Inc. said it is conducting a nonbinding open season for gas storage and transportation services in the Midwest through its subsidiaries Enbridge Gas Distribution Inc. and Niagara Gas Transmission Ltd. Enbridge said the open season will allow the company to assess development of incremental gas storage capacity/services at Enbridge Gas Distribution’s Tecumseh facility in southwestern Ontario near the Dawn gas trading hub and developing incremental transportation capacity on the Corunna-Tecumseh-Dawn pathway. Enbridge said it has a range of gas storage and transportation development options, “which can be put into place in a timely basis to take advantage of market opportunities such as U.S. shale gas and gas-fired generation.” The open season closes March 26. Information is available at www.enbridge.com/gasexpansion.

Tennessee Gas Pipeline Co. (TGP) has executed binding 20-year term agreements with subsidiaries of Chesapeake Energy Corp. and Statoil for 100% of the capacity of its proposed Northeast Upgrade Project, which would provide 636,000 Dth of incremental firm transportation capacity from TGP’s 300 Line Project now under construction in the heart of the Marcellus Shale in Pennsylvania to an interconnect in New Jersey, the El Paso Corp. subsidiary said. TGP’s Line 300, which would provide 340 MMcf/d of capacity, is scheduled to be completed in 2011 (see Daily GPI, Dec. 11, 2009). The agreements for the Northeast Upgrade, with Chesapeake Energy Marketing Inc. and Statoil Natural Gas LLC, precede an open season, which is expected to be launched in February. Final capacity would be awarded in March. A spring 2011 Federal Energy Regulatory Commission filing date is planned for the Northeast Upgrade, with a scheduled Nov. 1, 2013 in-service date. The project would cost an estimated $400 million; most of the capital spending would take place in 2013, said El Paso.

Tennessee Gas Pipeline Co. (TGP) has executed binding 20-year term agreements with subsidiaries of Chesapeake Energy Corp. and Statoil for 100% of the capacity of its proposed Northeast Upgrade Project, which would provide 636,000 Dth of incremental firm transportation capacity from TGP’s 300 Line Project now under construction in the heart of the Marcellus Shale in Pennsylvania to an interconnect in New Jersey, the El Paso Corp. subsidiary said Tuesday.

Tennessee Gas Pipeline Co. (TGP) has executed binding 20-year term agreements with subsidiaries of Chesapeake Energy Corp. and Statoil for 100% of the capacity of its proposed Northeast Upgrade Project, which would provide 636,000 Dth of incremental firm transportation capacity from TGP’s 300 Line Project now under construction in the heart of the Marcellus Shale in Pennsylvania to an interconnect in New Jersey, the El Paso Corp. subsidiary said Tuesday.

Australian subsidiaries of Chevron Corp. and Japan’s Chubu Electric Power Co. Inc. have signed binding long-term sales and purchase agreements (SPA) for a portion of Chevron’s share of liquefied natural gas (LNG) to be produced from the Gorgon Project off Australia’s coast.

Fitch Ratings on Friday gave a thumbs-up to the credit ratings for El Paso Corp. (EP) and its core pipeline and exploration and production (E&P) subsidiaries and said the outlook is “stable.”

Fitch Ratings on Friday gave a thumbs-up to the credit ratings for El Paso Corp. (EP) and its core pipeline and exploration and production (E&P) subsidiaries, and said the outlook is “stable.”

A pair of Energy East Corp. subsidiaries have asked the New York State Public Service Commission (PSC) to approve rate increases for both natural gas and electricity that they said are necessary to cover increasing operation and maintenance costs and to help pay for significant infrastructure investments.

CenterPoint Energy Field Services Inc. (CEFS) late Wednesday said it will provide long-term natural gas gathering and treating services to subsidiaries of EnCana Corp. and Royal Dutch Shell plc for their Haynesville Shale production.