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Steckman Ridge Receives FERC Approval for Northeast Gas Storage Capacity

Posted on: Tuesday, 10 June 2008, 09:01 CDT

Steckman Ridge, a joint venture equally-owned by subsidiaries of Spectra Energy and New Jersey Resources, has received approval from the US Federal Energy Regulatory Commission to develop 12 billion cubic feet of working natural gas storage capacity that will be critical to the Northeast US.

The new storage capacity planned for Steckman Ridge will help markets in New England and the Mid-Atlantic states balance the complexities of supply and demand, especially during peak winter and summer months.

Steckman Ridge, strategically located in Bedford County, Pennsylvania, will provide customers direct access to two major interstate pipeline systems, Spectra Energy's Texas Eastern and Dominion transmission systems, and significant natural gas supplies from the East Coast and Rocky Mountains. The new multi-cycle facility is expected to offer a range of flexible storage options to meet customer requirements.

The project is expected to be placed into service by April 2009. It will include the construction and operation of several new natural gas storage wells, a compressor station and a storage field pipeline network.

Mark Fiedorek, vice president of Steckman Ridge, said: "Steckman Ridge will be an integral part of the Northeast energy picture, bringing more supply security and reliability to the region. We are responding to a need that was clearly demonstrated during our open season when we received bids that far exceeded the working capacity of the facility. We appreciate Federal Energy Regulatory Commission's (FERC) thorough review of the project and will move forward to begin operations during the second quarter next year."

Source: Datamonitor

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