HOUSTON, Texas (July 25, 2006) – Bobcat Gas Storage (Bobcat) announced today that it has received authorization from the Federal Energy Regulatory Commission (FERC) to construct and operate its high-deliverability natural gas storage facility in St. Landry Parish, Louisiana. The FERC certificate grants Bobcat authorization to construct and operate the facility under Section 7(c) of the Natural Gas Act. The certificate also approved Bobcat’s request for market-based rate treatment.
Once completed in 2008, Bobcat is expected to be an extremely important balancing facility supporting the commercial operations of power generators, pipelines, utilities, energy merchants and liquefied natural gas (LNG) terminals in the Gulf Coast area. Bobcat’s premium interconnections with five interstate pipelines, including Texas Eastern Transmission, L.P., Transcontinental Gas Pipeline Company, Florida Gas Transmission, Gulf South Pipeline and ANR Pipeline, as well as with the Cypress Louisiana intrastate pipeline system, will offer customers diverse supply and market access.
Bobcat received FERC approvals to develop two salt caverns with a total working gas capacity of 12.0 billion cubic feet (Bcf), injection capacity of 900,000 dekatherms (Dth) per day and maximum withdrawals of 1,200,000 Dth per day. The Bobcat facility will offer firm storage services as well as interruptible hub services from its six pipeline connections. Prospective customers seeking additional project information or wanting to discuss storage opportunities at Bobcat are asked to contact Jamie Craddock at (713) 320-0561. Additional information about the project is available at www.bobcatstorage.com.
Bobcat is being developed by Port Barre Investments, LLC. Port Barre Investments, LLC is indirectly owned by Haddington Energy Partners III LP, a private equity fund managed by Haddington Ventures, LLC. Haddington provides capital to the energy industry, including mid-stream oil and natural gas companies and electric generation, transmission, and distribution companies, with a focus on natural gas storage, gathering and processing, and other midstream activities.