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Monroe Gas Storage Announces Binding Open Season for Gas Storage Capacity in Mississippi

Posted on: Tuesday, 14 April 2009, 07:00 CDT

DENVER, April 14 /PRNewswire/ -- Monroe Gas Storage Company, LLC (MGS) , a joint venture of Foothills Energy Ventures, LLC and High Sierra Energy, LP, announced today a binding open season for up to 1.0 Bcf of firm, high deliverability storage capacity at its Monroe Gas Storage facility currently under construction near the city of Amory, Mississippi. The Monroe facility will use a depleted natural gas reservoir to provide multi-cycle natural gas storage with a maximum injection capability of 445,000 Mcf/d and a maximum withdrawal capability of 465,000 Mcf/d. The Monroe Gas Storage Project will have dual interconnections to Texas Eastern Transmission Company (TETCO) in the M1 market zone and Tennessee Gas Pipeline (TGP) into the 500 Leg in Zone 1. MGS expects the capacity to be available beginning July 1, 2009.

The binding open season will extend from April 15, 2009 to April 28, 2009. Any company interested in contracting for storage service must submit a bid on or before the 5 p.m. CDT April 28th deadline. MGS will offer customers firm storage service and market based rates under a FERC-approved tariff.

Parties interested in obtaining capacity in Monroe should contact Kevin Legg at 303-951-4280, or klegg@foothillsenergy.com, to obtain a bid package. Additional information about the Monroe facility and the open season is available at www.monroegasstorage.com.

SOURCE Monroe Gas Storage Company, LLC

Source: PR Newswire

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