• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Enbridge Energy Partners Plans Non-Binding Open Season for Firm Capacity on Midla Interstate Natural Gas Pipeline System

Posted on: Thursday, 6 November 2008, 11:17 CST

Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners" or "the Partnership") today announced a non-binding Open Season for additional firm capacity on its Enbridge Pipelines (Midla), L.L.C. subsidiary's interstate natural gas transmission 'Midla' pipeline system. The Midla system is a 170-mile, 22-inch diameter low-pressure pipeline spanning Louisiana and Mississippi from the Perryville Hub area at the north end of the system to the large Baton Rouge industrial complex at the south end of the system.

"This proposed expansion efficiently adds market-area capacity to the Midla system for the benefit of shippers," said Steve Merritt, commercial vice president, Midla. "The strategic installation of new compression will allow Midla shippers access to both low-pressure gas supply and to gas market hubs, interstate pipelines and industrial markets, which will maximize gas value in an easy and operationally efficient manner.

"The new compression configuration would allow shippers access to supply throughout the Midla pipeline system as well as the ability to transport gas to attractive markets without the need to install site-specific compression," Merritt added, "thus saving tremendous capital and operating costs."

The proposed expansion project would enable access to pipelines and markets in the Perryville Hub area, the ANR Pipeline in Franklin Parish, Louisiana, the Transco Pipeline in West Feliciana Parish, Louisiana and the industrial facilities in the Baton Rouge area. Each connection is planned to service 25,000 MMBtu (million British thermal units) per day, and the project is scheduled to be complete in the third quarter of 2009.

The Open Season will commence at 8 a.m. CST, on Dec. 1, 2008, and will end at 5 p.m. CST, on Feb. 28, 2009. A one-part, firm, non-discountable transportation rate per MMBtu (to be disclosed to shipper by Enbridge after a confidentiality agreement is executed) will apply to all shippers who are successful in negotiating definitive agreements arising out of the Expressions of Interest submitted during the Open Season.

Shippers interested in the Open Season process should contact Steve Merritt at 832-214-5740.

Enbridge Energy Partners, L.P. (www.enbridgepartners.com) owns and operates a diversified portfolio of crude oil and natural gas transportation systems in the United States. Its principal crude oil system is the largest transporter of growing oil production from western Canada. The system's deliveries to refining centers and connected carriers in the United States account for approximately 11 percent of total U.S. oil imports; while deliveries to Ontario, Canada satisfy approximately 60 percent of refinery demand in that region. The Partnership's natural gas gathering, treating, processing and transmission assets, which are principally located onshore in the active U.S. Mid-Continent and Gulf Coast area, deliver approximately 3 billion cubic feet of natural gas daily.

Enbridge Energy Management, L.L.C. (NYSE: EEQ) (www.enbridgemanagement.com) manages the business and affairs of the Partnership and its sole asset is an approximate 14 percent interest in the Partnership.

Certain information provided in this news release constitutes forward-looking statements. Although Enbridge believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, economic conditions and commodity prices. While Enbridge makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Enbridge assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

 Investor Relations Contact: Douglas Montgomery Toll-free: (866) EEP INFO or (866) 337-4636 E-mail: eep@enbridge.com  Media Contact: Bill Stephens Telephone: (713) 353-6317 E-mail: usmedia@enbridge.com

SOURCE: Enbridge Energy Partners, L.P.

Source: MARKET WIRE

More News in this Category