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Midcontinent Express Hosts Community Open House Meetings
to Seek Local Input on Proposed Route, Highlight Project Benefits
HOUSTON, March 6, 2007 – Representatives with Midcontinent Express Pipeline LLC (MEP), a proposed 500 mile natural gas pipeline that will help link central U.S. natural gas supplies with communities along its route as well as to growing markets in the Midwest, Northeast and Southeast, are offering residents an opportunity to learn more about the pipeline and its operations. The open houses will be held March 19 through April 3 at convenient locations along MEP’s proposed route. (Please see attached schedule.)
“MEP is committed to being a good neighbor and we strive for a close working relationship with all parties involved in the planning, construction and operation of our pipeline,” said Kevin Dahncke, MEP project director. “We look forward to meeting with our prospective neighbors and local community leaders to introduce the project, answer questions, address any concerns and gather input.”
The pipeline will originate near Bennington in southeastern Oklahoma, traverse northeast Texas, northern Louisiana and central Mississippi, and end near Butler, Ala. To minimize disruptions to landowners, communities and the environment, the pipeline will follow existing pipeline and power line rights-of-way wherever feasible. It also will be designed, built and operated in a safe and environmentally friendly manner, as well as provide a reliable energy source that may spur local economic development.
“MEP also will generate jobs, increase business for local companies and provide local economic growth through the payment of property taxes to counties and parishes once in operation,” said Dahncke.
On a national level, the pipeline is expected to help foster more stable energy prices by improving access to clean-burning, domestic natural gas and providing an alternative supply source when offshore and coastal supplies are disrupted by the weather.
To learn more about MEP prior to the open house, please visit www.midcontinentexpress.com or call toll-free, 1-877-327-5515.
As an interstate natural gas transmission system, MEP will apply to the Federal Energy Regulatory Commission (FERC) for a Certificate of Public Convenience and Necessity authorizing construction and operation. FERC will oversee the participation of a number of federal, state and local agencies in the planning and permitting process.
MEP is a joint venture of Kinder Morgan Energy Partners, L.P. (KMP) and Energy Transfer Partners, L.P. KMP will build and operate the pipeline. Pending necessary regulatory approvals, the project is expected to be fully completed by February 28, 2009. MEP will have an initial capacity of 1.4 to 1.5 billion cubic feet per day.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Kinder Morgan believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Kinder Morgan’s Form 10-K and 10-Q as filed with the Securities and Exchange Commission.
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond Energy Transfer’s control. An extensive list of factors that can affect future results are discussed in Energy Transfer’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. Energy Transfer undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Kinder Morgan believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Kinder Morgan’s Form 10-K and 10-Q as filed with the Securities and Exchange Commission.
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond Energy Transfer’s control. An extensive list of factors that can affect future results are discussed in Energy Transfer’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. Energy Transfer undertakes no obligation to update or revise any forward-looking statement to reflect new information or events. |
