Boardwalk Makes Final Investment Decision on Gulf South Pipeline Company, LLC's Kosci Junction Pipeline Project [Yahoo! Finance]
Loews Corporation (L)
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Source: Yahoo! Finance
approving Gulf South Pipeline Company, LLC's (Gulf South) 1.16 Bcf/d Kosciusko Junction pipeline project (Kosci Junction Project). The Kosci Junction Project will consist of building approximately 110 miles of 36-inch pipeline and compression. The project is supported by a 20-year agreement with an anchor customer, and Gulf South is currently in negotiations with customers for the remaining capacity, which could be as large as 1.58 Bcf/d. The Kosci Junction Project is designed to connect supply from the Haynesville, Utica /Marcellus, and Fayetteville basins to markets in the southeast United States that are tied into Gulf South's existing system or served through new and existing pipeline interconnects. This project represents a significant investment by Boardwalk to meet the growing demand for electric generation in Mississippi and the Southeast. Boardwalk President and CEO Scott Hallam stated, "The Kosci Junction Project provides a critical artery of gas supply needed to support
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