Enterprise and Quicksilver will own up to 40% and 10%, respectively, of the pipeline, and are planning to form a new company which will contract for the gas shipments. Enterprise will own 80% of this new entity, and with Quicksilver owning the remaining 20%. TransCanada’s ownership of Pathfinder will be reduced from the current 100%, although the company will continue to be responsible for developing, constructing, and operating the pipeline.
The Pathfinder pipeline is being designed to run from Meeker, Colorado, to the Northern Border Pipeline Co system. Subsequent expansion will extend the pipeline from Northern Border to both the Great Lakes Gas Transmission System and TransCanada’s Canadian Mainline pipeline system at Emerson, Manitoba. The initial capacity of the pipeline will be 1.2bn cuft/d.
The first phase of the 1,465-km long pipeline will transport gas northwards from Meeker, Colorado, through Wamsutter, Wyoming, to Northern Border, and has an anticipated in-service date of late 2010. The second phase extending the pipeline to Emerson, where gas can be shipped to Eastern markets or storage facilities using the Great Lakes Gas Transmission system and TransCanada’s Canadian Mainline system, could be in service as early as the fourth quarter of 2011.
