SOURCE: Niska Gas Storage Partners LLC

December 16, 2010 16:45 ET

Niska Gas Storage Partners LLC Announces Regulatory Approval of Wild Goose Working Gas Capacity Expansion

HOUSTON, TX--(Marketwire - December 16, 2010) - Niska Gas Storage Partners LLC (NYSE: NKA) today announced that it has received regulatory approval from the California Public Utilities Commission ("CPUC") to expand working gas capacity at its Wild Goose Gas Storage Facility, located in Northern California, up to 50 billion cubic feet ("Bcf") of total capacity.

"We are very satisfied to have received this approval from the CPUC," said Dave Pope, President and Chief Executive Officer. "Expanding working gas capacity at Wild Goose is in line with our strategy of low-risk, low-cost, organic growth, and we are well positioned to execute on this strategy. Our facility provides key infrastructure to augment the security of natural gas supply during peak demand times in California, one of the premier markets in North America."

Currently, Wild Goose operates with a working gas capacity of 29 Bcf, and Niska expects to add 6 Bcf of working gas capacity by March 31, 2011.

About Niska

Niska is the largest independent owner and operator of natural gas storage in North America, with strategically located assets in key natural gas producing and consuming regions. Niska owns and operates three facilities, including the AECO Hub™ in Alberta, Canada; Wild Goose in Northern California; and Salt Plains in Oklahoma. Niska also contracts for gas storage capacity on the Natural Gas Pipeline Company of America system. In total, Niska owns or contracts for approximately 198.5 Bcf of gas storage capacity.

Contact Information

  • Niska Gas Storage Partners LLC
    Investor Relations:
    Vance Powers or Brandon Tran