Monday, March 26, 2012

CenterPoint Energy Gas Transmission files to establish Perryville Hub

HOUSTON, Texas - CenterPoint Energy Gas Transmission Co., LLC, an indirect, wholly-owned interstate natural gas pipeline subsidiary of CenterPoint Energy, Inc., announced on March 21 a filing with the Federal Energy Regulatory Commission (FERC) to amend certain provisions in its tariff to establish a Perryville Hub Trading Point within the existing Perryville Hub that can be accessed for primary or secondary receipt and/or delivery of natural gas using the company's firm and interruptible transportation and wheeling services.

The hub will have access to receive or deliver natural gas from the 21 interconnects CEGT has with interstate pipelines in the Perryville Hub. CEGT also proposes to establish the PTP as a site for trading or title transfers of natural gas between the company's shippers and/or non-shippers.

To accommodate trading needs, CEGT also has applied to list the hub as a trading point on the Intercontinental Commodity Exchange (ICE), allowing users to manage risks confidently and in real time. Reed added that with the addition of the ICE point, the hub will also provide new and existing customers, including the growing electric power and storage markets, a liquid point to buy and sell gas. In 2013, the PVH will directly connect with the high deliverability of the seven billion cubic feet Perryville Gas Storage project, further increasing liquidity and creating additional opportunities for CEGT and its affiliate, Mississippi River Transmission's, customers.

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