PanEnergy slates two gas pipeline projects

PanEnergy Corp., positioning itself for a stronger regional presence in the natural gas-hungry U.S. Northeast, has proposed two new pipeline projects. One project, called Spectrum, will add as much as 500 MMcfd of firm natural gas transportation capacity from the Chicago area to the East Coast. The project will essentially link PanEnergy's four existing interstate pipeline systems-Texas Eastern, Algonquin, Panhandle Eastern, and Trunkline-by adding new capacity only where necessary, to minimize environmental impact. PanEnergy hopes for fast-track approval of the project at the Federal Energy Regulatory Commission (FERC), so extra service can be phased in starting on N...

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