By the OGJ Online Staff
HOUSTON, Sept. 5 -- Piedmont Natural Gas Co. has taken a 33% interest in Dominion Resources Inc.'s Greenbrier pipeline, a 263-mile project linking multiple gas supply basins and storage to growing markets in the Southeast.
The pipeline initially would move 600,000 decatherms/day of gas.
A subsidiary of Piedmont, of Charlotte, NC, took 33% of Greenbrier Pipeline Co. LLC. A subsidiary of Dominion, Richmond, Va., retains 67% ownership.
The Greenbrier pipeline, which was announced by Dominion last October, will originate in Kanawha County, W. Va., with connections to Dominion Transmission Co. and Tennessee Gas Pipeline Co.
The pipeline will extend through southwest Virginia and into Granville County, NC. The owners will finance the $497 million project, which Dominion will design, construct, and operate.
Gas supplies delivered from Dominion Transmission and Tennessee Gas Pipeline into Greenbrier near Charleston, W.Va., could come from the Appalachian, Canadian, Gulf Coast and Midcontinent regions. Gas also could be drawn from Dominion's storage services.
The companies said a segment of the Greenbrier pipeline could be ready for service by the second quarter of 2005 to meet power generation market requirements, with the rest completed by the fourth quarter of 2005 to supply gas utilities.
They plan to apply to the Federal Energy Regulatory Commission in the first quarter 2002.