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Texas Gas Transmission Announces Open Season; Company Evaluating Demand for Expanded Storage Services

Posted on: Tuesday, 17 January 2006, 18:00 CST

Texas Gas Transmission, LLC announced a binding open season -- Jan. 18 through Jan. 31, 2006 -- for an expansion of its existing storage fields to provide additional firm storage service and no-notice service.

Kathy Kirk, vice president of commercial services at Texas Gas, said responses to the pipeline's December 2005 nonbinding open season demonstrated that the market continues to place value on storage.

"Customers continue to show an interest in our market area storage," Kirk said, "and we are committed to expanding our storage fields to meet the increased market demand for firm storage services."

Texas Gas' proposed storage expansion would provide up to 90,000 Dth of daily deliverability and up to 6.75 TBtu of seasonal storage capacity by drilling new wells and installing additional compression. Its proposed in-service date is Nov. 1, 2007.

In November 2005, Texas Gas placed in-service an 8.2 TBtu storage expansion at its Midland, Ky., storage field.

The binding storage open season begins 8 a.m. CT, Wednesday, Jan. 18 and ends 5 p.m. CT, Tuesday, Jan. 31, 2006. Complete details and supporting documents are available on the company's GasQuest(C) Web site at www.gasquest.txgt.com. For more information, contact these Texas Gas employees:

-- Kathy Kirk, Vice President Commercial Services, 270-688-6900

-- Jim Martin, Manager Business Development, 270-688-6927

-- David Moseley, Manager Marketing Service, 270-688-6818

-- Phil Iracane, Manager Northeast Markets, 713-544-6039

Texas Gas Transmission, LLC owns and operates a 5,900-mile pipeline that provides storage services and transports natural gas from the Gulf Coast, Louisiana and Texas to U.S. markets in the South, Midwest and Northeast. Texas Gas, headquartered in Owensboro, Ky., is a wholly owned subsidiary of Boardwalk Pipeline Partners, L.P.

Texas Gas(R) is a registered trademark of Texas Gas Transmission, LLC

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws relating to expectations, plans or prospects for Boardwalk and its subsidiaries, including those relating to whether or not Texas Gas will expand its market area storage. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the company's control and the risk factors and other cautionary statements discussed in Boardwalk's and Texas Gas' Form 10-Ks for the year ended December 31, 2004 and other filings with the U.S. Securities and Exchange Commission.

Source: Business Wire

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