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Overview


As the Sunshine State’s first new natural gas pipeline in 40 years, Gulfstream Natural Gas System L.L.C. is on the verge of changing Florida’s energy market forever. Besides delivering 1.1 Bcf of natural gas each day, Gulfstream will deliver fresh competition and unprecedented reliability to 15 million Florida energy consumers. In addition, Gulfstream will:

 

• Offer low fuel and variable cost;

 

• Offer negotiated rates competitive to the market;

 

• Add capacity, low-cost expansion and competition to one of the fastest growing energy markets in the country.


Project Sponsors


Together, Williams (NYSE:WMB) and Spectra Energy (NYSE:SE) bring more than 160 years of experience to Gulfstream – experience that includes major pipeline system development, an impressive operations and safety record, and engineering and environmental expertise.

By bringing together two of the most admired energy companies in North America, the Gulfstream Natural Gas System is well positioned to meet Florida’s natural gas needs.

 


Williams


Based in Tulsa, OK., Williams' businesses produce, gather, process and transport clean-burning natural gas to heat homes and power electric generation across the country.

Williams’ 14,000-mile natural gas pipeline network extends from the East Coast to the West Coast and from Mexico to Canada, delivering approximately 12 percent of all the natural gas used in the United States. This vast pipeline network includes more than 3,000 miles of pipeline located offshore in the Gulf of Mexico. More information about Williams can be found on the Internet at: www.williams.com. Williams is traded on the New York Stock Exchange under the symbol WMB.


Spectra Energy


Spectra Energy is one of North America’s premier pure play natural gas midstream companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage and distribution. For close to a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related energy infrastructure connecting natural gas supply sources to premium markets. Spectra Energy, headquartered in Houston, Texas is traded on the New York Stock Exchange under the symbol SE. More information about the company is available on the Internet at: www.spectraenergy.com.

 

Representing Spectra Energy’s interest in the Gulfstream project is Spectra Energy Transmission, developing and safely operating the critically important pipelines, storage and related energy infrastructure that connects natural gas sources to premium markets across North America. The company’s transmission and storage operations include more than 17,500 miles of transmission pipeline and 250 billion cubic feet of storage capacity in Canada and the United States. More information on SET can be found at www.spectraenergy.com/businesses

 

Date Posted: Friday, August 27, 2010