Tengasco Building New TN LDC
Tengasco Inc. subsidiary Tengasco Pipeline Corp. signed afranchise agreement with the Powell Valley Utility District toinstall and operate a new gas utility to service residential,commercial and industrial users in Hancock County, TN.
Tengasco Pipeline will immediately begin installation ofbackbone facilities to serve up to 1,500 residential and industrialconsumers in the City of Sneedville, county seat of Hancock County.Its existing eight-inch mainline from its Swan Creek field passesthrough the city limits of Sneedville, and completion of one-halfmile of interconnecting distribution line is expected within threemonths. The Powell Valley Utility District encompasses HancockCounty but has no gas distribution. Hancock County has about 6,900residents, and distribution facilities will be expanded to serve asmany as economically possible. The agreement is for 10 years,renewable for another 10 years.
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