PrintNews Release
May 13, 2009
Dawn Gateway Pipeline Files Application With National Energy Board
Regulatory Filing Marks Major Milestone in Project
DETROIT, MI - Spectra Energy Corp (NYSE: SE) and DTE Pipeline Company (NYSE: DTE) announced today that they have filed an application with the National Energy Board seeking approval to own and operate the Dawn Gateway Pipeline - a proposed new international pipeline between Michigan Consolidated Gas Company’s Belle River facility in Michigan and Union Gas Limited’s Dawn Hub in Ontario.
The application, which is a major milestone in the project, follows a successful open season conducted in the fall of 2008 to gauge market interest in the pipeline. The open season resulted in binding agreements for the sale of 280,000 Dth/d or approximately 80 percent of the available capacity, and clearly demonstrated market support for the project.
“We are pleased to have reached this important stage in the Dawn Gateway Pipeline project,” said Mark Bering, marketing manager for Dawn Gateway. ”This new international pipeline will play a key role in connecting Michigan storage and new supplies coming into Michigan with the Dawn Hub in Ontario and subsequently with downstream markets in eastern Canada and the U.S. Northeast.”
Dawn Gateway is a new joint venture owned by subsidiaries of Spectra Energy Corp and DTE Energy. The proposed pipeline project will have initial firm transportation capacity of approximately 360,000 Dth/d, will utilize a combination of new and existing pipelines and is scheduled to be in service for Nov. 1, 2010.
About Spectra Energy
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century,
Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,900 miles of transmission pipeline, more than 275 billion cubic feet of storage, as well as natural gas gathering and processing, natural gas liquids operations and local distribution assets. The company also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. Spectra Energy was recently ranked by FORTUNE as the world’s “most admired” pipeline company. For more information, visit www.spectraenergy.com.
About DTE Pipeline Company
DTE Pipeline Co. is a wholly-owned subsidiary of DTE Energy (NYSE: DTE), a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. DTE Energy’s operating units include Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.3 million customers in Michigan and other non-utility, energy businesses focused on power and industrial projects, coal and gas midstream, unconventional gas production and energy trading. Information about DTE Energy is available at www.dteenergy.com.
Forward-Looking Statement
This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The statements in this news release regarding future events and other statements that are not historical facts are forward-looking statements. Forward-looking statements represent Spectra Energy’s and DTE Energy’s intentions, plans, expectations, assumptions and beliefs about future events. This release includes forward-looking statements concerning future capital developments, including the anticipated timing of planned capital expansions and anticipated pipeline capacity resulting from such expansions. Such statements are subject to risks, uncertainties and other factors, many of which are outside the control of Spectra Energy and DTE Energy and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. Those factors include: the timing and success of efforts to develop infrastructure projects; the timing and receipt of required regulatory approvals; the timing and receipt of sufficient capacity commitments for the described project; fluctuations in the demand for natural gas in the markets serviced by the described project. These factors, as well as additional factors that could affect such forward-looking statements, are described in Spectra Energy’s and DTE Energy’s filings with the SEC, which are available at the SEC's website at www.sec.gov. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
DTE Pipeline Co.
(313) 235-6531
beringm@dteenergy.com
Andrea Stass
Union Gas Limited
(519) 436-5490
Len Singer
DTE Energy
(313) 235-8809