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Interim Service Begins on Midcontinent Express Pipeline
HOUSTON, April 24, 2009 – Midcontinent Express Pipeline LLC (MEP) today announced that Phase 1 began interim service on 266 miles of 42-inch pipeline from the interconnects with Houston Pipe Line Company and Natural Gas Pipeline Company of America (NGPL) located near Paris, Texas, in Lamar County, to an interconnect with the Columbia Gulf Pipeline near Delhi, La., in Madison Parish. The capacity available to Columbia Gulf Pipeline is 641,000 dekatherms per day (Dth/day). MEP will also have primary firm deliveries available to NGPL in Atlanta, Texas. It is anticipated that deliveries to Texas Gas and ANR Pipeline company near Perryville, La., in Ouachita Parish, will be available on or before May 1, 2009, and receipts from Enogex Bennington Bryan and deliveries to CenterPoint Energy Gas Transmission near Delhi, La., in Richland Parish, will be available the first half of May 2009.
“The beginning of interim service on MEP is a huge step towards strengthening the nation’s energy infrastructure by providing clean-burning natural gas from the Barnett Shale and Bossier Sands in Texas, the Fayetteville Shale in Arkansas and the Woodford Shale in Oklahoma, to Midwest, Northeast, Mid-Atlantic and Southeast markets,” said Steve Kean, president of Kinder Morgan’s natural gas pipelines.
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline transportation and energy storage company in North America. KMP owns an interest in or operates more than 26,000 miles of pipelines and 170 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. KMP is also the leading provider of CO2 for enhanced oil recovery projects in North America. One of the largest publicly traded pipeline limited partnerships in America, KMP has an enterprise value of over $20 billion. The general partner of KMP is owned by Knight, Inc., (formerly Kinder Morgan Inc.), a private company.
Energy Transfer Partners, L.P. (NYSE: ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico, and Utah, and owns the largest intrastate pipeline system in Texas. ETP’s natural gas operations include gathering and transportation pipelines, treating and processing assets and three storage facilities located in Texas. ETP currently has more than 17,000 miles of pipeline in service with another 750 miles under construction. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.
Energy Transfer Equity, L.P. (NYSE: ETE) is a publicly traded partnership, which owns the general partner of Energy Transfer Partners, L.P. and approximately 62.5 million ETP limited partner units.
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 Forms 10-K and 10-Q as filed with the Securities and Exchange Commission.
Joe Hollier
Media Relations
Kinder Morgan
(713) 369-9176
Mindy Mills
Investor Relations
Kinder Morgan
(713) 369-9490
Vicki Granado
Media Relations
Granado Communications Group
(214) 504-2260 office
(214) 498-9272 cell
Brent Ratliff
Investor Relations
Energy Transfer
(214) 981-0700
www.energytransfer.com |
