|
|
Article: Duke Energy Joins Alliance Pipeline Project
- Article from:
- PR Newswire
- Article date:
- January 13, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HOUSTON, Jan. 13 /PRNewswire/ -- Subsidiaries of Duke Energy Corporation (NYSE: DUK) have acquired a 9.8 percent ownership position in the Alliance Pipeline partnerships for an undisclosed amount.
A Duke Energy subsidiary also contracted for 67.25 million cubic feet per day of capacity.
The Alliance Pipeline system is designed to transport natural gas from Western Canada to the Chicago-area market center for distribution throughout North America. The pipeline, scheduled for start-up in late 1999, is being developed by limited partnerships comprised of gas producers and marketing and pipeline companies.
"Alliance provides Duke Energy ...