HOUSTON, Oct. 30, 2002 — ANR Pipeline Company, a subsidiary of El Paso Corp., and We Energies announced that they have extended their relationship through 2010 by signing a number of natural gas service agreements, many of which were due to expire in 2003.
Specifically, ANR Pipeline and We Energies have successfully renegotiated multiple firm transportation, storage, and related natural gas service contracts. In total, ANR will provide 866,500 dekatherms per day of service starting in 2003 under contracts of various terms extending to 2010.
Key to the portfolio is ANR’s ability to provide service both directly into We Energies’ distribution system, as well as through the Guardian Pipeline via a new interconnection near Joliet, Illinois, a major pipeline Hub.
This arrangement will ship the gas through Guardian Pipeline to various interconnections with We Energies’ system and will free up additional transportation capacity on ANR Pipeline to the benefit of Wisconsin energy users. This newly available capacity will be used, for example, by ANR’s recently announced WestLeg Project to serve local utility needs and electric power growth markets in Wisconsin.
“Months of cooperative effort between our companies has culminated in the signing of these agreements, allowing ANR Pipeline to continue its important relationship with We Energies, our largest customer,” said James J. Cleary, president of ANR Pipeline Company. “ANR will provide a broad portfolio of competitively priced services designed to meet We Energies’ specific needs, featuring long-term rate stability and flexibility.”
“We are pleased to continue our long-standing relationship with ANR,” said Richard Grigg, We Energies president and chief operating officer. “These agreements will translate into significant cost savings for our customers.”
The agreements have been approved by the Public Service Commission of Wisconsin and the Federal Energy Regulatory Commission.
El Paso Corp. is a provider of natural gas services and the largest pipeline company in North America. The company has leading positions in natural gas production, gathering and processing, and transmission, as well as liquefied natural gas transport and receiving, petroleum logistics, power generation, and merchant energy services.
El Paso Corporation, rich in assets and fully integrated across the natural gas value chain, is committed to developing new supplies and technologies to deliver energy. For more information, visit www.elpaso.com .
We Energies, the principal utility subsidiary of Wisconsin Energy Corp., serves more than one million electric customers and more than 970,000 natural gas customers throughout Wisconsin and Michigan’s Upper Peninsula. Visit the company’s Web site at http://www.we-energies.com . Learn about Wisconsin Energy Corp. by visiting http://www.WisconsinEnergy.com .