PIPELINES / IPL Applies for US Link
JULY 6, 1998
IPL Energy Files for Approval of Key Gas Pipeline Link
CALGARY, ALBERTA--(July 06, 1998) - The Vector Pipeline Project, a
joint venture of Calgary-based IPL Energy Inc. and Detroit-based
MCN Energy Group Inc., today filed an application with the
National Energy Board to construct and operate the 25 kilometre
southern Ontario portion of the 551 kilometre Vector natural gas
pipeline project.ÿ
Upon start-up in late 1999, Vector will provide a cheaper
alternative transportation link for up to one billion cubic feet
of natural gas per day from western Canada and the United States
to growing markets in eastern Canada and the upper Midwest and
northeastern United States.ÿ The Vector Pipeline Project will
originate at points of interconnection with the terminus of the
approved Northern Border Pipeline extension and the proposed
Alliance Pipeline, near the rapidly expanding Chicago hub, to
points in Michigan and on to the hub at Dawn, Ontario.ÿ Additional
markets in eastern Canada and the United States will be accessed
in the future through proposed and existing transmission systems.
"The filing of the NEB application for Vector marks another step
in the continued development of IPL Energy as a major North
American natural gas transporter," said IPL Energy President &
Chief Executive Officer, Brian F. MacNeill.ÿ "Combined with our
significant interest in Alliance Pipeline, Vector Pipeline will be
an important strategic asset for transporting natural gas from the
Chicago region to U.S. and Canadian markets."
In December 1997, Vector filed an application with the Federal
Energy Regulatory Commission in Washington D.C. to construct,
lease and operate the 526 kilometre U.S. portion of the proposed
pipeline.ÿ The project is on target for an in-service date of late
1999.
IPL Energy Inc. is a leader in energy delivery and services,
operating the world's longest crude oil and liquids pipeline
system, and Canada's largest natural gas distribution company
through The Consumers' Gas Company Ltd. which serves 1.4 million
residential, commercial and industrial customers in south central
and eastern Ontario, Quebec and Upper New York State.ÿ IPL
Energy's common shares trade on the Toronto and Montreal stock
exchanges in Canada under the symbol "IPL".ÿ In the United States
the shares trade on the NASDAQ under "IPPIF".
MCN Energy Group Inc. is a diversified energy holding company with
more than $4 billion of assets, and with markets and investments
throughout North America and in Asia. The company operates through
two major business groups: Diversified Energy, operating through
MCN Investment Corporation, is involved in oil and gas exploration
and production, natural gas gathering, transmission, processing
and storage, energy marketing, electric power generation and
distribution, and other energy-related businesses; Gas
Distribution consists principally of Michigan Consolidated Gas
Company, a natural gas distribution and transmission company
serving 1.2 million customers in more than 500 communities
throughout Michigan. Information about MCN Energy Group is
available on the World Wide Web at mcnenergy.com.
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SYSTEM DESCRIPTION
Capital Cost ($U.S.)ÿ United States Segment $447 million
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Canada Segment $24 million
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Total $471 million
Length of Pipelineÿÿÿ United States
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ -------------
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 269.7 miles (431.5 kilometres)
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ of new pipeline through Illinois,
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Indiana and Michigan.
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 59 miles (94.4 kilometres)
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ of leased pipeline between
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Milford and Belle River, Michigan.
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 328.7 miles ( 525.9 kilometres)
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ total U.S. section
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Canada
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ------
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 24.8 kilometres (15.5 miles)
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ from Canada/US border to Dawn,
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Ontario
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Canada/U.S. Combined
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ --------------------
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 550.7 kilometres (344.2 miles)
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ total Canada/US
New Pipeline
Diameterÿÿÿÿÿÿÿÿÿÿÿ 1067 mm (42-inch)
Capacityÿÿÿÿÿÿÿÿÿÿÿÿ 1 MMDth/d (approx. 1 Bcf/d)
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ of initial firm capacity;
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ operating pressure 6895 kPag
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ (1000) psig
Compressionÿÿÿÿÿÿÿÿ Two 30,000 HP compressor stations
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ in the U.S.
In-Serviceÿÿÿÿÿÿÿÿÿ November 1, 1999
ÿÿÿ
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FOR FURTHER INFORMATION PLEASE CONTACT:
IPL Energy Inc.
Media Contact:
Byron Neiles
(403) 231-5916
byron.neiles@iplenergy.com
iplenergy.com
or
MCN Energy
Media Contact:
Stewart Lawrence
(313) 256-6289
or
IPL Energy Inc.
Investment Community Contact:
Al Monaco
(403) 231-3973
al.monaco@iplenergy.comÿ (FAX)
iplenergy.com
http:www.vector-pipeline.com
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