SOURCE: Sempra Pipelines & Storage

Sempra Pipelines & Storage

October 05, 2010 09:00 ET

Sempra Pipelines & Storage Places Bay Gas Storage Cavern 4 in Service

Construction Also Underway on Cavern 5 at Alabama Facility

SAN DIEGO, CA--(Marketwire - October 5, 2010) -  Sempra Pipelines & Storage, a unit of Sempra Energy (NYSE: SRE), today announced that it has placed in service Cavern 4 at its Bay Gas Storage natural gas storage facility in Alabama.

Cavern 4 will add 5 billion cubic feet (Bcf) of working gas capacity. The new cavern is fully subscribed.

Construction of Cavern 5 also is underway at the facility. With a planned in-service date in 2012, Bay Gas Cavern 5 is expected to add another 5 Bcf of working gas capacity, bringing total capacity at the facility to 21.4 Bcf.

"Bay Gas has been a very productive storage asset providing services to the Florida market and other markets in the Southeast," said George S. Liparidis, president and chief executive officer of Sempra Pipelines & Storage. "We are pleased to expand our capacity for serving those markets with the initiation of service at Cavern 4, as our midstream asset development program continues to advance."

Located approximately 40 miles north of Mobile in southwest Alabama, Bay Gas Storage operates in a strategically valuable location with exceptional access to the high-demand Florida market and markets across the Southeast, Mid-Atlantic, and Northeast regions. Bay Gas pipeline interconnects include: Florida Gas Transmission, Gulf South and Transcontinental Pipeline.

Expansion activities at Bay Gas follow the successful start-up of Mississippi Hub in August. Located in Simpson County, Miss., Mississippi Hub is a high-deliverability salt dome natural gas storage facility asset owned and operated by Sempra Pipelines & Storage.

Sempra Pipelines & Storage and its affiliates currently operate and own 23 Bcf of storage capacity, with plans to develop as much as 75 Bcf by 2015 to help meet North America's growing demand for natural gas storage. The company also manages natural gas and electricity distribution in Argentina, Chile, Mexico, Peru and the U.S.

Sempra Pipelines and Storage is a subsidiary of Sempra Energy, a San Diego-based Fortune 500 energy services holding company.

This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words like "believes," "expects," "anticipates," "intends," "plans," "estimates," "may," "would," "could," "should," or similar expressions, or discussions of strategies, plans or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are necessarily based upon various assumptions involving judgments with respect to the future and other risks, including, among others: local, regional, national and international economic, competitive, political, legislative and regulatory conditions and developments; actions by the California Public Utilities Commission, California State Legislature, California Department of Water Resources, Federal Energy Regulatory Commission, Federal Reserve Board, and other regulatory and governmental bodies in the United States and other countries where the company does business; capital market conditions and inflation, interest and exchange rates; energy and trading markets, including the timing and extent of changes and volatility in commodity prices; the availability of electric power, natural gas and liquefied natural gas; weather conditions and conservation efforts; war and terrorist attacks; business, regulatory, environmental and legal decisions and requirements; the status of deregulation of retail natural gas and electricity delivery; the timing and success of business development efforts; the resolution of litigation; and other uncertainties, all of which are difficult to predict and many of which are beyond the control of the company. These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website at www.sempra.com.

Sempra Pipelines & Storage, Sempra Generation, Sempra LNG and RBS Sempra Commodities dba Sempra Energy Solutions and Sempra Energy Trading are not the same companies as the utility, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra Pipelines & Storage, Sempra Generation, Sempra LNG and RBS Sempra Commodities dba Sempra Energy Solutions and Sempra Energy Trading are not regulated by the California Public Utilities Commission.

Contact Information

  • Media Contact:
    Wes Phillips
    Sempra Pipelines & Storage
    (866) 257-1298

    Financial Contact:
    Glen Donovan
    Sempra Energy
    (877) 736-7727