NEW YORK, Jan 22 (Reuters) - Millennium Pipeline Co said Friday it would begin a binding open season on Jan. 25 in order to gauge interest in natural gas transportation on its system, linking production areas in the Marcellus Shale to New York's City's island of Manhattan.
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The Marcellus Shale, located in parts of Pennsylvania, New York and West Virginia, is reported to contain enough natural gas trapped in rock to meet domestic needs for a decade or more.
The open season for firm transportation will run through Feb. 12, for service beginning Nov. 1, 2013, the company said in a statement.
"Our initiative improves the state's energy infrastructure and encourages development of the state's gas production and storage resources consistent with the New York State energy plan resulting in economic stimulus and job creation for New Yorkers," said Millennium's president Dick Leehr.
Millennium Pipeline, a New York-based interstate natural gas pipeline, serves the U.S. Northeast. The line is anchored by its customers National Grid, Consolidated Edison of New York, Central Hudson Gas and Electric Corp and Columbia Gas Transmission LLC and is jointly owned by affiliates of NiSource Inc (NI.N), National Grid (NGG.N) and DTE Energy (DTE.N). (Reporting by Eileen Moustakis; Editing by Marguerita Choy)
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