Mr. Keith Palmer of Alliance reports
ALLIANCE PIPELINE LAUNCHES NEW MARKET HUB
As of Dec. 1, 2011, Alliance Pipeline, owned by Enbridge Income Fund and Veresen Inc., will offer a new suite of services that leverages Alliance's
interconnections to other pipelines and downstream markets with the
creation of a market hub called the Alliance Chicago Exchange.
The ACE hub will offer enhanced title transfers, wheeling, and park and
loan services at Alliance's delivery header near Channahon, Ill.,
to existing Alliance shippers and new customers. ACE hub customers will
be able to transfer ownership to third parties, flexibly manage gas
volumes between points, and defer and supplement their deliveries at
the header. An associated long-haul contract is not required.
"We are excited about our entry into the natural gas hub business, which
diversifies our service offerings and provides valuable options for
Chicago-area shippers and marketers," said Keith Palmer, Alliance's
senior vice-president and chief financial officer. "Our Chicago gas market location ideally
positions us to give customers access to greater commercial liquidity
and greater delivery flexibility."
The ACE hub was given Federal Energy Regulatory Commission approval on
Nov. 29, 2011, and represents an important step forward in
Alliance's development of new service offerings. ACE hub services are
available through Alliance's customer service group to any qualifying
parties wishing to conduct business on the hub.
About the Alliance Pipeline system
The Alliance Pipeline system consists of an approximately 2,311-mile
integrated Canadian and United States high-pressure natural gas transmission
pipeline system, delivering rich natural gas from the Western Canadian
Sedimentary basin and the Williston basin to the Chicago market hub.
The United States portion of the system is owned and operated by
Alliance Pipeline LP and consists of approximately 900 miles of
mainline and related infrastructure. The system has been in commercial
service since December, 2000, and delivers, on average, about 1.6 billion
standard cubic feet (or 45.3 million standard cubic metres) of natural
gas per day.
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