Chestnut Ridge Storage LLC Files FERC Application To Develop 25 Bcf Natural Gas Storage Facility - 12/17/07
OMAHA, Nebraska—Chestnut Ridge Storage LLC on Friday filed an application with the Federal Energy Regulatory Commission (FERC) for authorization to construct its high-performance Junction Natural Gas Storage Facility (Junction) located near Uniontown, in southwestern Pennsylvania and northern West Virginia.
A September non-binding Open Season among prospective customers resulted in an expression of interest more than three times the project’s potential for up to 25 billion cubic feet (Bcf) of firm storage capacity.
Pending approval, Junction will begin construction in 2008 and enter service in the first quarter of 2009.
Chestnut Ridge Storage LLC, project owner and developer, is owned by affiliates of Tenaska Power Fund, L.P. of Omaha, Nebraska, and eCORP, LLC of Houston, Texas.
Junction is being converted from a nearly depleted natural gas reservoir into a multi-cycle, high deliverability storage facility with projected injection and withdrawal capability up to 500,000 dekatherms/day (Dth/day).
In its application, Chestnut Ridge Storage LLC has requested FERC to approve drilling up to 26 storage injection/withdrawal wells and 11 observation wells as well as construction of a 17-mile gathering pipeline system, two 24-inch interconnection laterals, two pipeline interconnections, and a compressor station with an associated electric substation.
The facility is strategically located to provide service to the Northeast, Mid-Atlantic and Upper Midwest market areas, and has the potential to be interconnected with the Columbia Gas Transmission, Dominion Transmission and Texas Eastern Transmission pipelines.
About eCORP
eCORP is a Houston-based multifaceted energy company which, through its subsidiaries, affiliates and related entities, is engaged in the development and operation of natural gas storage facilities, natural gas pipelines, electric power plants and other energy related facilities. eCORP Energy Marketing, LLC is the energy marketing affiliate of eCORP. eCORP Resources, LP is engaged in exploration and production activities. For more information, visit www.ecorpusa.com.
About Tenaska Power Fund
Tenaska Capital Management, LLC (TCM), a Tenaska affiliate, provides services to Tenaska Power Fund, L.P. (TPF); a private equity limited partnership which was formed by the owners of Tenaska to pursue opportunities for investment in the energy sector. TPF is owned outside of Tenaska’s holding company structure. TCM uses Tenaska employees’ experience and skills to evaluate acquisition opportunities – analyzing the value of assets, operating efficiencies, market opportunities, and fuel agreements that can be optimized to increase value. TPF has acquired a diverse group of assets that include power generating plants, national providers of transmission and pipeline construction and maintenance services, and natural gas storage facilities.