NEW YORK, May 20 (Reuters) - Canadian energy firm

Enbridge ( ENB ) launched an open season process earlier this

week for its proposed Project Beacon to upgrade its existing

Algonquin Gas Transmission natural gas pipeline system in New

England.

* The project is designed to bring additional energy into

the Northeast and help address ongoing high energy costs and

reliability concerns, Enbridge ( ENB ) said.

* The open season allows customers - such as gas utilities

and power plants - to indicate how much gas they may need in the

future.

* The project is designed to upgrade existing infrastructure

along existing pipeline corridors, which helps increase energy

access while minimizing construction impacts.

* The Northeast faces higher energy costs than the rest of

the country, particularly during very cold winters and hot

summers when demand peaks.

* If customer commitments are secured and regulatory

approvals are obtained, Project Beacon could be in service by

2030, Enbridge ( ENB ) said.

* Depending on participation, it is expected to generate up

to $2 billion per year in savings, Enbridge ( ENB ) said.

* Project Beacon could also help avoid the use of

higher-emitting fuels, like oil, for power generation.

* The open season runs from May 18 to July 1.

* Project Beacon is separate from Enbridge's ( ENB ) 75-million

cubic feet per day Algonquin Reliable Affordable Resilient

Enhancement (AGT Enhancement), expected to be in service in

2028.

* Based on discussions about the need for more gas in the

region, Enbridge ( ENB ) said Project Beacon could be sized at about 300

mmcfd, depending on customer commitments.