This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Monroe Gas Storage Company, LLC Announces A Non-Binding Open Season

HOUSTON, Aug. 1, 2011 /PRNewswire/ -- Monroe Gas Storage Company, LLC (" Monroe"), a wholly-owned subsidiary of Cardinal Gas Storage Partners LLC ( www.cardinalgs.com), announced today the start of a non-binding, 15-day open season to gauge market interest in available capacity in its 12.0 Bcf multi-cycle, interstate natural gas storage facility located in Monroe County, MS.  This strategically located facility provides access to markets in the Midwest, Northeast and Southeast.  Through this non-binding open season, Monroe is soliciting market interest in subscribing to firm storage capacity in its FERC 7(c) Certificated facility and anticipates providing approximately three turn service.  This open season is for up to 8.5 Bcf of firm storage capacity, with 2.9 Bcf available October 1, 2011.  The facility interconnects with Tennessee Gas Pipeline Line 500 and Texas Eastern's 30-inch M-1 Zone as well as the potential to interconnect with the recently proposed Kennesaw Pipeline serving the Southeast.

"The continued growth of the shale development, the anticipated retirement/conversion of coal fired generation in the Southeast, combined with the large amount of pipeline infrastructure completed and proposed in this area further strengthens our belief that the Monroe facility will play an important and strategic role in the natural gas supply needs in this region of the US," said Jeff Ballew, President and CEO of Cardinal. 

The non-binding open season begins at 8:00 am CDT on August 1, 2011 and will end at 5:00 pm CDT on August 15, 2011.  A completed Monroe Expression of Interest Form should be faxed to Brad Ledbetter at 713-350-2575 by 5:00 pm CDT on August 15, 2011.  The Expression of Interest Form, maps and other information can be found on the Monroe web site at www.monroegasstorage.com or by contacting Brad Ledbetter at 713-350-2525 and email @ ( brad.ledbetter@cardinalgs.com) or Brandy Clark at 713-350-2504 and email @ ( brandy.clark@cardinalgs.com).  

Cardinal is a joint venture between Redbird Gas Storage LLC ("Redbird") and funds controlled by Energy Capital Partners, LLC ("ECP"). Since its inception in 2008, Cardinal has been focused on the development, construction, operation and management of natural gas storage facilities throughout North America. Cardinal also owns Perryville Gas Storage LLC, Arcadia Gas Storage LLC and Cadeville Gas Storage LLC and is in the process of developing additional natural gas storage infrastructure in North America. For more information, visit www.cardinalgs.com.

About Redbird Gas Storage LLC

Redbird is a joint venture formed by Martin Resource Management Corporation and Martin Midstream Partners L.P. (Nasdaq: MMLP) to invest in natural gas storage related opportunities through its ownership interests in Cardinal.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs