November 10, 2016
Contact: John S. D'Orazio
President & CEO
COMPLETES 25-YEAR PIPELINE RENEWAL PROGRAM
Roanoke Gas Company (NASDAQ:RGCO) proudly announced today
the completion of a quarter century modernization project
to improve the safety and reliability of natural gas service
throughout the City of Roanoke and surrounding area. Company
management teams, field personnel and city officials commemorated
the replacement of 200 miles of aging natural gas lines
today with the ceremonial installation of the last section
of upgraded pipeline that will supply our region and support
the City's growing economy well into the next century.
"Thanks to the hard work and dedication of our staff,
as well as the cooperation and support of Roanoke City officials,
we have upgraded 200 miles of bare steel and cast iron material
gas lines with minimal disruptions," Roanoke Gas Company
President and CEO John D'Orazio said. "Upgrading this
infrastructure will result in maintenance cost reductions,
enhanced system reliability and increased safety for many
years to come."
Prior to the 1960s, the nation's natural gas suppliers installed
cast iron or bare steel pipelines to deliver natural gas
to customers. In Roanoke, some of these underground lines
dated back to the late 19th century. Over time it became
clear that new technologies were needed to replace the aging
lines and upgrade the nation's natural gas system with modernized
polyethylene plastic pipelines. With the completion of Roanoke
Gas Company's modernization project, 100 percent of all
bare steel and cast iron pipelines have been replaced with
the upgraded lines.
"The City commends Roanoke Gas for its focus on securing
the natural gas system and services to tens of thousands
of citizens throughout our region," City of Roanoke
Mayor Sherman Lea said. "Availability to natural gas
has played a major role in the development of our local
economy and we appreciate Roanoke Gas Company's dedication
to modernization projects like this that ensure the City
of Roanoke is able to offer the resources that relocating
and expanding businesses are searching for."
The 25-year project was launched in 1991 and was intentionally
spaced over a quarter century to address the aging system,
while ensuring limited service interruptions to customers.
Understanding that in 1991 the outdated lines comprised
approximately 25 percent of the total system, Roanoke Gas
prioritized its replacement program using a risk-based evaluation
that included leak history, population density and other
With the major modernization project completed, Roanoke
Gas Company will now focus its system renewal efforts on
the replacement of pre-1973 plastic mains with polyethylene
RGC Resources, Inc.
RGC Resources, Inc. provides energy and related products
and services to customers in Virginia through its operating
subsidiaries Roanoke Gas Company and RGC Midstream, LLC.
From time to time, the Company may publish forward-looking
statements relating to such matters as anticipated financial
performance, business prospects, technological developments,
new products, research and development activities and similar
matters. The Private Securities Litigation Reform Act of
1995 provides a safe harbor for forward-looking statements.
In order to comply with the terms of the safe harbor, the
Company notes that a variety of factors could cause the
Company's actual results and experience to differ materially
from the anticipated results or other expectations express
in the Company's forward-looking statements. Past performance
is not necessarily a predictor of future results.