Eversource 2005 Annual Report Download - page 11

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SECURING GAS SUPPLYAND PRICE
Liquefied Natural Gas Project
Marc Andrukiewicz Project Director, Waterbury LNG Project, Yankee Gas
Yankee Gas has an obligation to provide our gas customers with a secure,
reliable energy supply. One way of achieving that objective is to try and keep
prices stable during peak demand periods, and that can be done by storing
natural gas during periods of low demand. Yankee Gas is well under way with
the largest construction project in its history. When completed for the 2007–08
heating season, our liquefied natural gas storage facility in Waterbury,
Connecticut, will hold the equivalent of 1.2 billion cubic feet of natural gas,
or enough natural gas to heat more than 13,000 homes for a year.
LNG is clean, reliable natural gas that is cooled and condensed into liquid form
for easier storage. It offers a cost-effective, stable supply of gas, especially
valuable during winter when demand is high and market prices for energy tend
to be higher.An added benefit is the environmental remediation of the site as
the construction progresses.”
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