PIPELINES / TransCanada Pipelines, Nicor Inc. Committed To
Serving Midwest Markets
TRANSCANADA PIPELINES LIMITED
TSE, ASE, ME, VSE, NYSE, WINNIPEG STOCK EXCHANGE SYMBOL: TRP
AND NICOR INC.
NASDAQ, NYSE SYMBOL: GAS
APRIL 23, 1998
TransCanada, Nicor Committed To Serving Midwest Markets
CALGARY, ALBERTA--TransCanada PipeLines Limited and Nicor, two
partners in the proposed Viking Voyageur natural gas pipeline,
today confirmed their commitment to serve markets in the U. S.
upper midwest and stated they are pursuing options to provide gas
transportation to the region.
"The partnership is evaluating options surrounding the Voyageur
concept of bringing natural gas to markets in Wisconsin and
northern Illinois, as well as other parts of the midwest," said
Wayne Lunt, president of TransCanada's North American Pipeline
Investments.
Ed Werneke, vice president of Nicor, said the partnership would
be meeting with key stakeholders over the next several weeks to
explore these options. "Voyageur is proceeding well in the
regulatory process and has gained wide support in the
marketplace," he said. "The partners are committed to pursuing
options that will meet the growing needs of the midwest market as
we enter the next century."
Wisconsin energy companies, such as Madison Gas & Electric,
Wisconsin Fuel & Light, Wisconsin Gas, Wisconsin Electric,
Wisconsin Power & Light, and Wisconsin Public Service Corporation,
have been supportive of the Voyageur project. "We have received
tremendous support from energy companies in Wisconsin, in
particular, as well as from regulators and regional and local
business leaders," said Mr. Werneke. "We do not want to let them
down."
Nicor is a holding company based in Naperville, Illinois. Its
principal businesses include Nicor Gas, one of the nation's
largest gas distribution companies, and Tropical Shipping, a
containerized shipping business that operates between Florida and
the Caribbean. Nicor also owns several energy-related
subsidiaries. |
