The assets interconnect with five major interstate pipelines, including Spectra’s Texas Eastern Transmission, and complement the company’s existing pipeline and storage portfolio in the region.
Spectra expects to invest an additional $400m to $450m to fully develop the facility by the end of 2015, bringing the facility’s total working gas storage capacity to 46 billion cubic feet.
Spectra president and CEO Greg Ebel said that storage infrastructure such as Bobcat plays a vital role in meeting customers’ needs for managing demand swings on a seasonal basis and satisfying the increasing demand for natural gas-fired power generation.
