WASHINGTON and HOUSTON, Jan. 25, 2013 /PRNewswire/ -- NiSource's Columbia Gas Transmission (Columbia) today received approval from the Federal Energy Regulatory Commission (FERC) for a customer settlement that facilitates Columbia's comprehensive pipeline infrastructure investment plan.
The settlement, filed on September 4, 2012 and widely supported by Columbia's customers, covers the initial five years of Columbia's investment plan and contains provisions for potential extension thereafter. Among other components, key elements of the settlement identify individual infrastructure projects and establish a mechanism for recovery of Columbia's revenue requirement for infrastructure investment under the plan.
"FERC's approval of our customer settlement is a milestone in our efforts to modernize Columbia's interstate pipeline system in a balanced, thoughtful and transparent manner," said Jimmy Staton, Columbia's chief executive officer. "We acknowledge FERC for their timely review and approval, and appreciate the collaboration from our customers. We look forward to getting the job done. The work we do will help ensure safer, more reliable pipeline infrastructure for our customers and the communities across our footprint."
About Columbia Gas Transmission, LLC
Columbia Gas Transmission, LLC is a unit of NiSource Inc. Other NiSource pipeline companies include Columbia Gulf Transmission, Crossroads Pipeline, Hardy Storage, and Millennium Pipeline. Combined, the companies operate approximately 15,000 miles of interstate natural gas pipeline and 37 storage fields, delivering over 1 trillion cubic feet of natural gas per year. For more information about Columbia Gas Transmission or the other NiSource Gas Transmission & Storage companies, please visit www.ngts.com.
NiSource Inc. (NYSE: NI), based in Merrillville, Ind., is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. NiSource operating companies deliver energy to more than 3.8 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Information about NiSource and its subsidiaries is available via the Internet at www.nisource.com. NI-F.
SOURCE NiSource Inc.; Columbia Gas Transmission