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Yankee Gas Services Company
P.O. Box 270
Hartford, CT 06141-0270
(800) 989-0900

www.yankeegas.com
News Release
  
Yankee Gas Sets First Meter of System Expansion In Seymour's Silvermine Industrial Park  
MEDIA CONTACT:Sandy St. Pierre
Office:(203) 639-4423
After Hours:800-279-1173
 
SEYMOUR, Conn., August 24, 2001, (NYSE: NU) – Yankee Gas Services Company, part of the Northeast Utilities (NU) system, today set the first natural gas meter in the company's $23 million expansion of its natural gas distribution system. With installation of new gas mains completed in Seymour, the first gas meter has been installed and set, starting the flow of natural gas to Microboard Processing, Inc.

"Activating this first meter is an important milestone in our expansion plans. We’ve installed nearly 7,500 feet of new mains in the Silvermine Industrial Park, and this meter is just the first of many we will be setting here and across the state as we continue to expand our distribution system over the next few years," said Dennis E. Welch, president and COO of Yankee Gas. “We are excited about this growth of our distribution system because it will offer natural gas service to consumers in areas not currently served, giving them more choices in meeting their energy needs. Having clean, efficient natural gas as part of the energy mix is a preferred option for many consumers."

Convenience and reliability
Microboard Processing builds and tests printed circuit boards. The company, which employs 250 people, will use natural gas for heating, hot water, air conditioning, and to power a back-up generator.

"We chose natural gas for the convenience and reliability of having energy piped directly to the building without interruption," said Craig Hoekenga, the company's CEO. "Using natural gas also allowed us to eliminate the liability of having an aging underground oil storage on the property." Hoekenga also noted that the installation of natural gas piping went smoothly. "We had some concerns that installing gas lines would damage paved parking lots and landscaped areas, but were pleased to find no visible signs from the installation."

While many companies simply fill and cover the areas where underground storage tanks were once located, Microboard Processing took the extra step of enhancing the beauty of the area. The company worked with a local gardening expert to plant beautiful English gardens and to add a waterfall where the oil storage tank had been.

In May, Yankee Gas announced the first phase of a multi-year system expansion project that will result in the installation of 70 miles of new gas mains and services throughout Connecticut. This initial $23 million expansion reflects the company’s commitment to growth of its gas distribution system, as agreed to with state regulators in its merger with NU last year. It extends greater fuel diversity to Connecticut consumers by offering consumers more energy options and supports key economic development efforts in the state.

Expansion projects under way across state
In addition to the Silvermine Industrial Park in Seymour and the Willenbrock Industrial Park in Oxford – there are 9 other projects targeted in this phase of Yankee’s expansion effort. Many of these projects are already under way to extend gas availability through the commercial business districts of several communities. Construction is currently under way in Suffield, Prospect, Waterford, Oxford, Southbury and Darien. Construction has been completed in Seymour and Ellington.
Yankee Energy System, Inc., (YES) which is part of the Northeast Utilities system, includes Yankee Gas Services Company, the largest natural gas distribution company in Connecticut serving approximately 187,000 customers in 69 cities and towns throughout the state. Yankee Energy also includes Yankee Energy Financial Services Company, which provides a full range of residential and commercial energy equipment financing options. Further information about YES and its subsidiaries can be obtained from its Web sites: www.yankeeenergy.com, www.yankeegas.com and www.yankeefinancialservices.com


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