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DTE Energy Subsidiary Signs Agreement To Build Natural Gas Pipeline In Pennsylvania

Stocks in this article: DTE SWN

" Susquehanna County contains some of the most prolific gas wells in the Marcellus Shale," said Cianci. "Bluestone is part of our strategy to grow our natural gas business in the Northeast and provide a significant supply feed to the Millennium Pipeline."  

Once online, Bluestone is expected to deliver over 1 Tcf of natural gas to Millennium and Tennessee Pipeline, with room to expand as demand increases over time.

Bluestone will be DTE Energy's first gathering project outside Michigan. The company currently owns a 550 mile natural gas gathering system in northern Michigan which is designed to aggregate natural gas from the Antrim Shale and the Niagaran formations.

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 are Detroit Edison, an electric utility serving 2.1 million customers in Southeastern Michigan, and MichCon, a natural gas utility serving 1.2 million customers in Michigan and other non-utility, energy businesses focused on gas pipelines and storage, coal transportation, unconventional gas production and power and industrial projects. Information about DTE Energy is available at www.dteenergy.com.

Southwestern Energy Company (NYSE: SWN) is a Houston-based integrated company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing.

SOURCE DTE Energy

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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