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NAPERVILLE, Ill., May 14, 2002 -- The Horizon Pipeline Co. Tuesday announced that its new $80 million natural gas pipeline in northern Illinois is now in service.
Gas began flowing Saturday, May 11 following final approval from the Federal Energy Regulatory Commission (FERC). Horizon Pipeline is a joint venture of Nicor-Horizon, a subsidiary of Nicor Inc. and Natural Gas Pipeline Company of America (NGPL), a subsidiary of Kinder Morgan, Inc.
"The completion of this project is key for the continued economic development of this region," said Daniel R. Dodge, vice president of Nicor- Horizon and Nicor' s vice president of business development. "This pipeline enables Nicor to meet the growing energy demand for natural gas in northern Illinois."
Construction crews began working on the pipeline last November, which entailed the new construction of 28 miles of 36-inch diameter pipe that is combined with 46 miles of existing piping leased from NGPL, as well as the installation of gas compression facilities in Joliet. The Horizon Pipeline has a capacity of 380 million cubic-feet of natural gas per day and connects the emerging supply hub at Joliet with the northern part of the Nicor Gas distribution system and the NGPL pipeline system.
"In addition to meeting the needs of traditional loads for customers in northern Illinois, Horizon serves as an important component of our ongoing strategy to continue serving additional natural gas-fired electric generations," said Scott Parker, vice president of NGPL and Horizon. "Through Horizon, NGPL and Nicor are well positioned to provide upstream transportation and services into the Elgin Energy Center and we expect to support additional gas-fired generations in the future."
Kinder Morgan, Inc. is one of the largest midstream energy companies in America, operating more than 35,000 miles of natural gas and products pipelines in 26 states. It also has significant retail distribution, electric generation and terminal assets. Kinder Morgan, Inc., through its general partner interest, operates Kinder Morgan Energy Partners, L. P. , America's largest pipeline master limited partnership. Combined, the two companies have an enterprise value of approximately $19 billion. For more information, visit www.kindermorgan.com .
Nicor Inc. is a holding company. Its principal businesses are Nicor Gas, one of the nation's largest natural gas distribution companies, and Tropical Shipping, a containerized shipping business serving the Caribbean region. Nicor also owns several energy-related businesses and has an interest in Nicor Energy, a retail energy marketing joint venture. For more information, visit the Nicor Web site at www.nicor.com .
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