EQT Midstream Partners L.P. and its subsidiary Equitrans L.P. commenced a non-binding open season to gauge customer interest in securing firm transmission and storage capacity on what will be known as the Allegheny Valley Connector.
The Connector consists of transmission and storage assets that are expected to transfer to EQT Corp. as part of a proposed transaction with Peoples Natural Gas Co. LLC. Upon closing, the Connector is expected to be operated by Equitrans and owned by EQT Corp.
The Connector is located in the Marcellus Shale and its primary function is to store and transport natural gas to numerous Peoples’ interconnects, including use by Peoples and other gas suppliers to provide local distribution service to Peoples’ customers. Results from the open season will determine any additional capacity and/or specific system modifications that may be required. The final design and scope of such modifications is expected to be at Equitrans’ discretion and subject to negotiations with interested shippers. The open season ran from Feb. 27-March 13, 2013.