Macquarie Infrastructure Partners II (MIP II), a leading North American infrastructure fund, has completed the acquisition of Leaf River Energy Center from NGS Energy. Leaf River is an underground salt cavern facility located in Smith County, Mississippi. The Leaf River complex currently consists of two commercially operational caverns commissioned in 2011 with a third cavern under development. The facility is currently permitted for four caverns and 32 Bcf (906 mcm) of total working gas capacity.
Leaf River is strategically located with access to Southeast and Northeast demand centers via direct interconnections with six interstate pipelines including the Transco, Destin, Tennessee, Midcontinent Express, Gulf South and Southern Natural pipelines. Leaf River is also closely situated to key supply areas such as the Haynesville and Bossier shales. As a result, Leaf River is well positioned to serve both summer-peaking gas-fired power generation loads in the Southeast and winter-peaking residential and commercial demand in the Northeast and Mid-Atlantic markets.