Duke Energy & Piedmont NatGas Want New Marcellus Gas Pipeline

Duke Energy, headquartered in Charlotte, NC, is the largest electric power holding company in the U.S. with a number of electrical generating plants in the southeast. Piedmont Natural Gas is a utility company delivering natural gas to more than one million residential, commercial and industrial customers throughout NC, SC and TN. The two companies have something in common: a desire to use cheap, abundant natural gas from the Marcellus Shale. Duke wants it to power its electric generating plants. Piedmont wants it to deliver to customers like Duke and others. The two announced yesterday they want it so bad they’re willing to together invest in a new natural gas pipeline to bring it into NC.

Williams is currently in the midst of a multi-year project to expand and extend the Transco pipeline into NC to, in part, Piedmont Natural Gas. The Transco Virginia Southside Expansion project is approximately 100 miles of new 24-inch diameter pipeline extending from the Transco mainline in Pittsylvania County, VA into Halifax, Charlotte, Mecklenburg, and terminate in Brunswick County, VA. The interesting thing (to MDN) is that Duke and Piedmont specifically say they want a new/different/second pipeline to be built. Apparently they’re not happy with a single source (from Williams) and want a little more competition in the region–so the two companies jointly announced yesterday they’re shopping for midstreamers willing to build a second pipeline to flow Marcellus gas…

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