Transcanada says U.S. lets it reclassify 1.1 bcf of natgas in storage

Tue Sep 1, 2015 6:29pm EDT
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Sept 1 (Reuters) - Natural gas pipeline operator TransCanada Corp said on Tuesday the U.S. Federal Energy Regulatory Commission has allowed it to reclassify some 1.1 billion cubic feet of gas in storage as "working gas" which can be burned at any time for heating or electrical generation.

Previously, the gas was classified as "base gas" supply, which must be left underground to maintain a certain level of operational pressure in a gas cavern. (Reporting By Barani Krishnan; Editing by David Gregorio)