Fuel supply agreement strengthens reliability,
lowers costs, and powers growth
THE
WOODLANDS, Texas, Feb. 11,
2025 /PRNewswire/ -- Entergy Texas reached a
landmark transportation agreement with Kinder Morgan to secure natural gas supply,
supporting the rapid industrial, commercial and residential growth
in the region. The arrangement, which was developed in
collaboration with Golden Pass LNG, is part of Kinder Morgan's $1.7
billion Trident Intrastate Pipeline project. The 216-mile
project will transport Permian Basin and other natural gas supply
at the Katy hub to the LNG and industrial corridor near
Port Arthur, Texas–delivering
additional diverse supply to growing and currently-constrained
areas.
"This strategic partnership demonstrates our commitment to
delivering long-term value for our customers and communities," said
Eliecer Viamontes, president and CEO
of Entergy Texas. "The agreement also serves as a critical
component for our Southeast Texas Energy Plan (or STEP Ahead plan).
By securing a reliable and sustainable fuel supply, we are building
the foundation for a stronger energy future."
The agreement brings several key benefits to the region that are
incorporated into Entergy Texas' STEP Ahead plan:
- Lower costs for customers: By accessing competitive
natural gas markets through the Katy hub, Entergy Texas can pass
fuel savings directly to its customers.
- Reliable energy for the future: This partnership ensures
a steady supply of natural gas for the company's proposed Legend
and Lone Star Power Stations, supporting Southeast Texas' growing energy needs.
- Enhanced flexibility and resiliency: The new
pipeline enhances Entergy Texas' ability to adapt and maintain
reliable operations across nearly all of its power plants,
including the company's Spindletop underground natural gas storage
caverns.
- Fueling economic growth: This collaboration unlocks
further economic development expansion in the region.
The Trident Intrastate Pipeline is expected to be operational in
early 2027, aligning with the start of major industrial projects in
Southeast Texas. Once completed,
the pipeline is expected to transport approximately 1.5 billion
cubic feet per day of natural gas, with possible expansion
opportunities up to 2.8 billion cubic feet per day, ensuring
reliable energy supply for decades to come.
"We are pleased to support our customers' growing needs for
natural gas," said Sital Mody, KMI
Natural Gas President. "We believe our Trident Intrastate Pipeline
project is critical to meeting rising power, industrial and LNG
demand in Texas and are excited to
work with Entergy Texas and Golden Pass LNG as we continue to
provide reliable and affordable energy solutions to the state."
"This strategic project enhances Golden Pass LNG's access to a
reliable supply of natural gas for our LNG terminal and helps us
achieve our mission to be the premier supplier of LNG from
North America," said Jeff Hammad, Chief Commercial Officer for Golden
Pass LNG.
For more information about Entergy Texas' Southeast Texas Energy
Plan and its vision for the future, visit
www.entergytexasstepahead.com.
About Entergy Texas
Entergy Texas, Inc. provides electricity to approximately 512,000
customers in 27 counties. Its customers are connected to the
Midcontinent Independent System Operator Inc. power grid, which is
a regional transmission organization responsible for administering
the transmission systems of member utilities in 15 states
stretching across the central region of the United States and Manitoba, Canada. Entergy Texas is a
subsidiary of Entergy Corporation (NYSE: ETR), a Fortune 500
electric company. Entergy powers life for 3 million customers
through its operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability and
resilience of the energy system while helping our region transition
to cleaner, more efficient energy solutions. With roots in our
communities for more than 100 years, Entergy is a nationally
recognized leader in sustainability and corporate citizenship.
Since 2018, we have delivered more than $100
million in economic benefits each year to local communities
through philanthropy, volunteerism and advocacy. Entergy is
headquartered in New Orleans,
Louisiana, and has approximately 12,000 employees. For the
latest news from Entergy Texas, visit the Newsroom and connect with
@EntergyTX on social media.
About Kinder Morgan,
Inc.
Kinder Morgan, Inc. (NYSE: KMI) is
one of the largest energy infrastructure companies in North
America. Access to reliable, affordable energy is a critical
component for improving lives around the world. We are committed to
providing energy transportation and storage services in a safe,
efficient and environmentally responsible manner for the benefit of
the people, communities and businesses we serve. We own an interest
in or operate approximately 79,000 miles of pipelines, 139
terminals, 702 Bcf of working natural gas storage capacity and have
renewable natural gas generation capacity of approximately 6.1 Bcf
per year with an additional 0.8 Bcf in development. Our pipelines
transport natural gas, refined petroleum products, crude oil,
condensate, CO2, renewable fuels and other products, and
our terminals store and handle various commodities including
gasoline, diesel fuel, jet fuel, chemicals, metals, petroleum coke,
and ethanol and other renewable fuels and feedstocks. Learn
more about our work advancing energy solutions on the lower carbon
initiatives page at www.kindermorgan.com.
About Golden Pass LNG
For more information about Golden Pass LNG, visit:
www.goldenpasslng.com.
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SOURCE Entergy Corporation
