Pacific Northern Gas Ltd.: Merrill Lynch Extends Option to Secure Excess Firm Pipeline Capacity on PNG's Western B.C. System

Show Business and Finance Publications

Thu, May 6, 2010

[ Thu, May 06th 2010 ]: Market Wire

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Adventure Gold Options Meunier Timmins West Property to RT Minerals and Lake Shore Gold

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International Tower Hill Signs Key Exploration Ag .. ted on Chisna Copper-Gold Joint Venture Project i

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Sun, January 10, 2010

[ Sun, Jan 10th 2010 ]: Market Wire

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AXcess News: Ad Agency Gains Edge on Consumer Response Measurement

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Sat, January 9, 2010

[ Sat, Jan 09th 2010 ]: Market Wire

Douglas Emmett, Inc. Announces Dates for Its 2009 .. ll Year Earnings Results and Live Conference Call

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Indico Grants 625,000 Stock Options

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Plum Creek Timber Company Names Robert J. Jirsa V .. ations; John B. Hobbs Vice President, Investor Re

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The South Financial Group Announces Dates for 4th .. 009 Financial Results Release and Conference Call

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Law Offices of Howard G. Smith Announces Investig .. of Shareholders of Presidential Life Corporation

[ Fri, Jan 08th 2010 ]: Market Wire

Stull, Stull & Brody Files Class Action Lawsuit O .. tors in ProShares UltraShort Basic Materials Fund

Thu, January 7, 2010

[ Thu, Jan 07th 2010 ]: Market Wire

LMP Real Estate Income Fund Inc. as of December 31, 2009

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MF Global to Release Third Quarter 2010 Results

[ Thu, Jan 07th 2010 ]: Market Wire

Janus Capital Group Appoints Richard M. Weil as Chief Executive Officer

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PIMCO Municipal Income Fund Reports Results for t .. cal Quarter and Six Months Ended October 31, 2009

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Education Industry Veteran Dr. Therese "Terry" Cr .. ational American Universitya?s Board of Directors

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Andes Gold to Begin Tailings Operations

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Asian Mineral Resources Announces Completion of Private Placement

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Grupo Beneficial Secures Costa Rica Website for Its Electronic Casino

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Lynden Energy Corp.: First Wolfberry Well Completed

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3D Eye Solutions, Inc. to Display Cutting Edge 3D .. t the Consumer Electronics Show in Las Vegas, Nev

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Cascadia Investments, Inc. Announces Acquisition of CustomFlashGames.com

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MagIndustries Provides Update of the Company's Activities

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Cherokee Inc. Enters into License Agreement with JEM Sportswear for its Sideout Brand

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Cooper Industries to Announce Fourth Quarter and Full-Year 2009 Results

Wed, January 6, 2010

[ Wed, Jan 06th 2010 ]: Market Wire

Wall Street Media Presents Wells Fargo Securities Portfolio Position Trends for 2010

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Langmuir Project Yields Two Open-Pit Nickel Resou .. Million Tonnes in Additional Exploration Targets

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CIB Marine Bancshares, Inc. Emerges From Reorganization

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SearchMedia Holdings Limited Strengthens Management Team

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Webdigs Expands Services With the Acquisition of IggysHouse.com

[ Wed, Jan 06th 2010 ]: Market Wire

NTI Newmerical Inc. Announces Share Consolidation is Effective

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Dealers Embrace New VMS Products and Plan

[ Wed, Jan 06th 2010 ]: Market Wire

Prospect Capital Announces Corporate Investment G .. Poor's, Further Increase in Prospect's Investment

[ Wed, Jan 06th 2010 ]: Market Wire

Rolling Rock Resources Corporation Plans Private Placement

[ Wed, Jan 06th 2010 ]: Market Wire

Aurizon Mines Reports First Resource Estimate at Alexandria's Joannes Township Property, Quebec

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TGS Begins the Justice Wide Azimuth Project

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Manicouagan Minerals Announces Encouraging Initia .. rill Results from Its Dorothy-Dobie Lake Property

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[ Wed, Jan 06th 2010 ]: Market Wire

Artis announces acquisition of $72 million of off .. ial properties and a $50 million equity financing

[ Wed, Jan 06th 2010 ]: Market Wire

GMP Capital Inc. announces expansion of its global energy franchise

[ Wed, Jan 06th 2010 ]: Market Wire

Formation Metals' Uranium Project 2009 Drilling Expands Mineralization of Centennial Deposit

[ Wed, Jan 06th 2010 ]: Market Wire

Washington Gas and Honeywell Awarded Contract to Design and Build Major Power Facility for GSA

[ Wed, Jan 06th 2010 ]: Market Wire

Tortoise Energy Capital Corp. Prices Offering of Common Shares

[ Wed, Jan 06th 2010 ]: Market Wire

First Trust Advisors L.P. Announces Portfolio Man .. ust/Aberdeen Global Opportunity Income Fund and F

[ Wed, Jan 06th 2010 ]: Market Wire

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[ Wed, Jan 06th 2010 ]: Market Wire

Epoch Announces 16% Increase in AUM to $11.4 Billion

[ Wed, Jan 06th 2010 ]: Market Wire

Li3 Energy, Inc. Engages Rojas & Asociados as Project Manager

Tue, January 5, 2010

[ Tue, Jan 05th 2010 ]: Market Wire

Goldman Sachs Conference Call to Announce Annual and Fourth Quarter 2009 Results

[ Tue, Jan 05th 2010 ]: Market Wire

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[ Tue, Jan 05th 2010 ]: Market Wire

Intema Solutions (ITM.V) Acquires Group Eventia, .. onference and Recruits Its President, Michel Chio

[ Tue, Jan 05th 2010 ]: Market Wire

Middlesex Water Company to Present at the Sidoti & Company Micro Cap Conference

[ Tue, Jan 05th 2010 ]: Market Wire

AcuMedSpa Holdings, Inc. Provides Initial Road Map for Its 2010 Initiatives

[ Tue, Jan 05th 2010 ]: Market Wire

O';Leary Global Income Opportunities Fund Announces Monthly Distribution Amount

[ Tue, Jan 05th 2010 ]: Market Wire

The Zweig Total Return Fund, Inc. Declares Distribution -- Revised 1/5/10

[ Tue, Jan 05th 2010 ]: Market Wire

RELM Holdings Inc. Provides Management Update on Planned Acquisitions

[ Tue, Jan 05th 2010 ]: Market Wire

Heathrow Natural Food & Beverage, Inc. : Heathrow .. nc. Projects $10 - $15 Million in Revenue for 201

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Vega's Green Valley Project to Restart Power Production

[ Tue, Jan 05th 2010 ]: Market Wire

3D Eye Solutions, Inc. Anticipates Tremendous Gro .. ough Expansion of Digital Signage Program in 2010

[ Tue, Jan 05th 2010 ]: Market Wire

Dingjin General Equipment Fabrication Co., Ltd Successfully Lists on the Tianjin Equity Exchange

[ Tue, Jan 05th 2010 ]: Market Wire

Spectrum Finalizes Terms of Definitive Operations .. ents with Peruvian Gold Production Mining Company

[ Tue, Jan 05th 2010 ]: Market Wire

PML, PCK and PNI Declare Monthly Common Share Income Dividends

[ Tue, Jan 05th 2010 ]: Market Wire

The St. Joe Company Announces Promotions

[ Tue, Jan 05th 2010 ]: Market Wire

Mundus Group Subsidiary, AirStar is in Communicat .. couver, Canada to Supply UAVs and Services for Ge

[ Tue, Jan 05th 2010 ]: Market Wire

Prepaid Card Holdings, Inc. Settled Lawsuit with .. ho Agreed to Return 85,000,000 Shares and Options

[ Tue, Jan 05th 2010 ]: Market Wire

CORRECTING and REPLACING ZipRealty to Present at .. d Telecom Conference Wednesday, January 6th, 2010

[ Tue, Jan 05th 2010 ]: Market Wire

Am©ricas to Open in River Oaks Shopping Center

[ Tue, Jan 05th 2010 ]: Market Wire

Minnesota Power Reaches Milestone in Renewable En .. rts with Purchase of Interstate Transmission Line

[ Tue, Jan 05th 2010 ]: Market Wire

Guard Dog ID Launches a New Referral Program That Offers Free Service and Cash Bonuses

[ Tue, Jan 05th 2010 ]: Market Wire

Tortoise Energy Infrastructure Corp. Provides Una .. ion and Asset Coverage Ratio Update as of Decembe

[ Tue, Jan 05th 2010 ]: Market Wire

Tortoise North American Energy Corp. Provides Una .. ion and Asset Coverage Ratio Update as of Decembe

[ Tue, Jan 05th 2010 ]: Market Wire

Prudential Ranks as a Great Place for Interns

[ Tue, Jan 05th 2010 ]: Market Wire

Tortoise Power and Energy Infrastructure Fund, In .. Balance Sheet Information as of December 31, 2009

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Tortoise Energy Capital Corp. Provides Unaudited .. Asset Coverage Ratio Update as of December 31, 2

[ Tue, Jan 05th 2010 ]: Market Wire

American Water Resources Expands Water Line Protection Programs in Illinois, Missouri

Mon, January 4, 2010

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Macquarie Group Completes Acquisition of Delaware Investments

[ Mon, Jan 04th 2010 ]: Market Wire

West Bancorporation, Inc. to Announce Results, Hold Conference Call on January 29, 2010

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Aurora Reaches Major CH-53K Main Rotor Pylon Milestones

[ Mon, Jan 04th 2010 ]: Market Wire

Fulton Financial Corporation Announces Dates for .. End Earnings Release and Conference Call/Webcast

[ Mon, Jan 04th 2010 ]: Market Wire

WaterFurnace Announces Geothermal Homeowners Stimulus Event

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BeBevCo Family of Products Taking Shape

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BioCentric Energy Holdings, Inc. CEO New Year Corporate Update

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PPR - $.0250 December Dividend

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Merrex Closes Jubilee Zinc Sale and Acquires Cont .. of Chrysos Capital and Its Niaouleni Gold Project

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Pacific Northern Gas Ltd.: Merrill Lynch Extends Option to Secure Excess Firm Pipeline Capacity on PNG's Western B.C. System

//business-finance.news-articles.net/content/201 .. peline-capacity-on-png-s-western-b-c-system.html

Published in Business and Finance on Wednesday, January 6th 2010 at 14:30 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2010) – Pacific Northern Gas Ltd. ("PNG") (TSX:PNG)(TSX:PNG.PR.A) announced today that Merrill Lynch Commodities, Inc. ("MLCI") has extended to June 30, 2010 its option to contract for 75 MMcf per day of firm gas transportation service using existing capacity on PNG's Western B.C. pipeline system.

A $1.0 million non-refundable option extension fee has been paid by MLCI to PNG to extend to June 30, 2010 an exclusive option granted by PNG to MLCI in March 2009 to contract for firm gas transportation capacity for a 2 to 5 year primary term, with a right to renew for an additional 2 to 5 year term. MLCI may extend the option period by up to three further six month periods, with payment of $1 million for each extension. If MLCI exercises its option, the PNG pipeline system would be at close to full capacity utilization, generating almost $15 million per year of incremental revenue for the benefit of PNG and its customers. If the option is exercised, the commencement date for the transportation service is expected to be between January 1, 2012 and January 1, 2013. PNG can provide no assurances that MLCI will exercise their option or further extend the option period.

Headquartered in Vancouver, British Columbia, Pacific Northern Gas Ltd. (TSX:PNG)(TSX:PNG.PR.A) owns and operates natural gas transmission and distribution systems. The Company's western transmission line extends from the Spectra Energy (formerly Duke Energy) gas transmission system north of Prince George to tidewater at Kitimat and Prince Rupert, and provides service to 12 communities and a number of industrial facilities. In the northeast, Pacific Northern's subsidiary Pacific Northern Gas (N.E.) Ltd. provides gas distribution service in the Dawson Creek, Fort St. John and Tumbler Ridge areas. Further information is available on the Company's website at: [ www.png.ca ].