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Yankee Gas Services Company
P.O. Box 270
Hartford, CT 06141-0270
YANKEE GAS DEDICATES LNG FACILITY
Ribbon-cutting ceremony marks important milestone toward securing Connecticut’s energy future
BERLIN, Conn., Thursday, November 15, 2007 —
On Tuesday, November 13, Yankee Gas Services Company, the largest distributor of natural gas in Connecticut, held a ribbon-cutting ceremony to mark the official dedication of its new liquefied natural gas (LNG) facility at 47 Eagle Street in Waterbury. The event celebrated an important milestone toward securing Connecticut’s energy future.
“In addition to signifying our commitment to our customers, the completion of this major infrastructure project also demonstrates the power of community and cooperation,” said Raymond P. Necci, president and chief operating officer, Yankee Gas. “We owe our thanks to the foresight of our state lawmakers and regulators who shared our vision and granted approval to build this state-of-the-art facility and thus help to ensure the state’s energy security and reliability.”
In addition to executives from Northeast Utilities, others participating in the ribbon-cutting ceremony included Waterbury Mayor Michael Jarjura, Attorney General Richard Blumenthal, and Department of Public Utility Control Commissioner James Fleming. Joining the celebration were representatives from many organizations instrumental in the successful completion of the largest construction project ever undertaken by Yankee Gas, including the design-build contractor CB&I Services Inc., the Waterbury Fire Department, the Northeast Gas Association, Distrigas, Transgas, LP Transportation and S E A Consultants.
“With construction complete, we hope this facility will be just one of many projects instrumental to Waterbury’s renewal,” said Necci. “While others debate the need for new natural gas infrastructure, Connecticut has taken action. And we are proud to have expanded Connecticut’s energy options.”
While initial planning began in 2001, construction commenced in January 2005, and the tank was filled to capacity by October 31, 2007. This $108 million storage facility holds the vapor equivalent of 1.2 billion cubic feet (BCF) of LNG, or 14.6 million gallons of liquid — enough natural gas to heat 85,000 homes for a month. The facility gives Yankee Gas greater flexibility to manage its natural gas supply portfolio, allowing the company to buy natural gas in periods of low demand and lower cost, store it in liquid form, and use it during the coldest days of winter when prices are usually much higher, or when demand may exceed the ability of pipelines to transport natural gas to Connecticut.
Yankee Gas Services Company (Yankee Gas) is Connecticut’s largest natural gas distribution company, delivering safe, reliable natural gas service to approximately 200,000 customers in 71 cities and towns. Yankee Gas is expanding Connecticut’s energy options and increasing customer choice by extending the availability of clean, efficient natural gas throughout the state. Yankee Gas is part of the Northeast Utilities System (NYSE: NU). For more information, please visit www.yankeegas.com.
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