BCR Holdings Inc. Announces Non-Binding Open Season for Gas Storage in Louisiana
BCR Holdings Inc. ("BCR") announced today that Bully Camp Gas Storage ("Bully Camp"), a wholly owned subsidiary of BCR, is holding a non-binding open season for capacity at a planned storage facility. The facility, which will be located in Lafourche Parish, Louisiana, approximately 35 miles southwest of New Orleans, is scheduled to be in service in the fourth quarter of 2013.
The storage facility is designed to provide 1,200 MMcf/d of peak deliverability and 800 MMcf/d of peak injection capacity from two salt caverns with a total working gas capacity of 15 Bcf. Proposed direct interconnects (Texas Eastern Transmission, LP; Gulf South Pipeline Company, LP; Bridgeline Holdings, LP; Discovery Gas Transmission, LLC) and indirect interconnects (Tennessee Gas Pipeline Company; Columbia Gulf Transmission Company; Transcontinental Gas Pipe Line Company) will provide customers with ample flexibility and optionality to access multiple supply sources and premium downstream markets.
BCR intends to file with the Federal Energy Regulatory Commission ("FERC") for approval to construct and operate the Bully Camp storage facility later this year. As part of its FERC application, BCR will be requesting the necessary approvals to charge market-based rates for its proposed storage, parking and lending, and wheeling services.
The non-binding open season will run from November 16, 2009 to December 18, 2009. Any questions relating to this open season can be directed to Tom Cook at (918) 449-0333 or via e-mail: info@bullycampgs.com.
About BCR
BCR is a portfolio company of Three Cities Research, Inc., a private equity investment firm with over 30-years experience managing portfolio companies, including companies in the energy and related recycling sectors. Additional information concerning the Bully Camp storage project may be found at BCR's web site at http://www.Bullycampgs.com.