DETROIT, Dec. 18, 2015 /PRNewswire/ -- DTE Energy (NYSE: DTE) today announced that the Ontario Energy Board has approved applications from Union Gas Limited and Enbridge Gas Distribution Inc. for 15-year contracts to move natural gas from the Appalachian Basin into the Union Gas Dawn Hub on the proposed NEXUS Gas Transmission system beginning in November 2017.
"These approvals represent a significant milestone and confirm long-term support for our NEXUS pipeline from these local distribution companies in Ontario," said David Slater, president, DTE Gas Storage & Pipelines.
"The NEXUS project represents a tremendous opportunity for customers to access natural gas from both the Utica and Marcellus shale plays and move it through markets in Ohio and Michigan to the Dawn Hub, the second largest physically traded gas hub in North America," said Bill Yardley, president of U.S. Transmission and Storage for Spectra Energy.
Establishing a direct transportation link between Ontario and the Appalachian Basin is an important opportunity that will provide low cost supplies to Ontario's growing market. In addition, NEXUS will provide increased natural gas supply diversity, security and reliability to other customers in Ohio, Michigan and Chicago.
Importantly, a number of industrial facilities and power generators in these areas have also recently signed interconnect agreements with the project. By expanding access to natural gas in these markets, NEXUS will provide consumers across the region with affordable, clean-burning and abundant natural gas to help meet the growing demand for cleaner power generation, industrial and commercial use, and home heating.
NEXUS is a joint venture between DTE Energy and Spectra Energy. Union Gas is a subsidiary of Spectra Energy. The NEXUS project proposes to construct an approximately 255-mile interstate natural gas transmission pipeline to deliver 1.5 billion cubic feet per day (Bcf/d) of clean-burning natural gas from receipt points in eastern Ohio to existing pipeline system interconnects in southeastern Michigan. www.nexusgastransmission.com
About DTE Energy
DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric utility serving 2.1 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio includes non-utility energy businesses focused on power and industrial projects, natural gas pipelines, gathering and storage, and energy marketing and trading. As one of Michigan's leading corporate citizens, DTE Energy is a force for growth and prosperity in the 450 Michigan communities it serves in a variety of ways, including philanthropy, volunteerism and economic progress. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.
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SOURCE DTE Energy