The Southern Pines Energy Center is a FERC-regulated natural gas storage facility. The facility commenced commercial operations with Cavern 1 in May 2008 and placed Cavern 2 into commercial operation in May 2009. Cavern 3 was placed into commercial operations on April 30, 2010. The site has the capability to develop up to five 10 Bcf caverns for a total working gas capacity of 50 BCF. With the commencement of operations on Cavern 3 the facility currently has three cavern wells in operation with 32,000 horsepower of compression. Construction of an additional 16,000 HP of compression is in progress and is expected to be completed in the second quarter of 2010. A fourth cavern well has been planned and is expected to begin commercial operations in the third quarter of 2012.
The facility includes:
Three Cavern wells with a fourth Cavern planned (and the capability of constructing a fifth cavern for a total of 50.0 Bcf of storage capacity).
A handling facility with 48,000 horsepower of compression and surface facilities capable of providing 3.0 Bcf of maximum daily withdrawal capability and 1.5 Bcf of maximum daily injection capability.
Southern Pines will initially have direct interconnects to Destin Pipeline Company (“Destin”), Florida Gas Transmission Company (“FGT”), Southeast Supply Header ("SESH") and Transcontinental Gas Pipe Line Corporation (“Transco”) serving markets in the Northeast and Southeast U.S. Each of the interconnections will use bi-directional metering facilities. In addition, the Project will provide indirect access to Southern Natural Gas (“Sonat”), Gulf South Pipeline, Gulfstream Natural Gas System (“Gulfstream”) and Tennessee Gas Pipeline (“TGP”) by way of Destin and another new interconnection with Gulfstream by way of Transco and FGT.
Gas operations can be scheduled with the Natural Gas Inventory....
