Florida Governor Bush Approves Tractebel Calypso Pipeline

Tractebel North America reports that Florida Governor Jeb Bush and his Cabinet voted to grant a Sovereign Submerged Lands Easement and approve the Florida Department of Environmental Protection's issuance of an Environmental Resource Permit ("ERP") in connection with Tractebel Calypso Pipeline LLC's proposed construction and operation of a 42-mile jurisdictional pipeline in Florida and U.S. waters and along the six-mile onshore route in Broward County, Florida.

"We're pleased with today's decision by Governor Bush and his Cabinet in respect to this important milestone for the Tractebel Calypso project and that they concur that the route selected for the Tractebel Calypso pipeline meets high standards of environmental stewardship," said William P. Utt, President and CEO of TNA. "We have now received all major U.S. approvals required to proceed with this project. Once completed, the pipeline will be capable of supplying Florida with the clean-burning natural gas it needs to meet its increasing energy demands."

The proposed Tractebel Calypso project will transport natural gas via pipeline from the planned liquefied natural gas ("LNG") storage and regasification facility of its affiliate, Tractebel Bahamas LNG Limited, in Freeport, Grand Bahama. The U.S. segment of the pipeline would make landfall at Port Everglades, Florida, then travel onshore to a proposed interconnection with the Florida Gas Transmission system adjacent to Florida Power & Light's Lauderdale power plant. The Tractebel Calypso project will transport approximately 832 million cubic feet of natural gas into Florida per day. TNA anticipates initial gas deliveries to begin as early as 2007.

In March, Tractebel Calypso Pipeline LLC received a Certificate of Public Convenience and Necessity from the Federal Energy Regulatory Commission. Tractebel Bahamas LNG Limited has received its Approval in Principle from the Government of The Bahamas and is awaiting its final approval of a Bahamian Environmental Impact Statement.