Two Texas companies will spend nearly a half-billion dollars to build and expand natural gas pipelines through Colorado.
Houston-based El Paso Corporation won federal approval for a new
425-million-dollar pipeline yesterday.
It will be called the Cheyenne Plains Gas Pipeline, and run through Colorado to Kansas.
The Federal Energy Regulatory Commission also approved plans by
Kinder Morgan Incorporated to invest 28-point-six-million for expanded capacity in its TransColorado pipeline.
It runs from Rio Blanco County to New Mexico's San Juan County.
The announcement could mean lower natural gas prices locally in coming months as producers increase production to fill the planned pipelines.
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