Fort Chicago announces Jordan Cove and Pacific Connector projects receive Final Environmental Impact Statement



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES./

    Trading Symbol: FCE.UN
    Exchange: TSX
    

    CALGARY, May 1 /CNW/ - Fort Chicago Energy Partners L.P. ("Fort Chicago")
announced that on May 1, 2009, Jordan Cove Energy Project L.P. and Pacific
Connector Gas Pipeline, L.P. have received notification that the Final
Environmental Impact Statement ("FEIS") has been issued by the Federal Energy
Regulatory Commission ("FERC") in the United States. Each of Jordan Cove
Energy Project L.P. and Pacific Connector Gas Pipeline, L.P. had filed, in
September, 2007, an application to the FERC for approval to construct a
liquefied natural gas ("LNG") import terminal at Coos Bay Oregon ("Jordan Cove
LNG") and a 234 mile interstate natural gas transmission system from the
terminal to Malin, Oregon ("Pacific Connector"), respectively. Jordan Cove
Energy Project L.P. is a subsidiary of Fort Chicago and Pacific Connector Gas
Pipeline, L.P. is a limited partnership between wholly owned subsidiaries of
The Williams Companies Inc., PG&E Corporation and Fort Chicago.
    The Jordan Cove LNG terminal and the Pacific Connector pipeline will help
meet the demand for energy in the Pacific Northwest, northern California and
northern Nevada. The projects will also expand the region's natural gas
supply, which will stabilize prices for consumers and attract new industry.
    The LNG terminal and pipeline projects are expected to provide an
economic boost for southwest Oregon during construction and after completion
of the project. Anticipated to be financed with $2.5 billion of private
capital, the projects offer numerous economic benefits. During the three years
of construction, the LNG terminal will employ an average of 450 people. During
the two-year construction period for the proposed pipeline, Pacific Connector
will employ an average of 1,400 people. Once operational, the projects will
directly employ approximately 60 people, plus create positions for another 60
directly related positions. Construction of the LNG terminal in Coos Bay will
take approximately 36 months to complete, and the pipeline will take two years
to build. Under the current timeline, construction of the LNG terminal would
commence in the second half of 2010 with an in-service date for the two
projects to be during 2014.
    Also, on April 24, the U.S. Coast Guard issued a Letter of Recommendation
to the FERC affirming the suitability of the Coos Bay navigation channel to
handle LNG vessels destined for the Jordan Cove LNG terminal once identified
security and safety measures have been implemented. These safety and security
improvements were clearly outlined by the U.S. Coast Guard in their Waterway
Sustainability Report issued in July 2008. Jordan Cove has incorporated these
infrastructure improvements and operational procedures in the facility's
construction and operational plans.
    "The FEIS is a significant milestone for these projects," said Stephen
White, Fort Chicago's President. "The Jordan Cove LNG and Pacific Connector
projects have worked closely with federal, state and local agencies and with
landowners during the past three years; I am extremely proud of the
thoroughness and attention paid to environmental matters. The next step in the
process will be for the FERC to issue a Certificate of Public Convenience and
Necessity, which we expect to receive later this summer."

    Fort Chicago is a publicly traded limited partnership based in Calgary,
Alberta, that owns and operates energy infrastructure assets across North
America. Its Class A Units are listed on the TSX under the symbol FCE.UN and
have been assigned a stability rating by Standard & Poor's of SR-2. Fort
Chicago is engaged in three principal businesses: a pipeline transportation
business comprised of interests in two pipeline systems, the Alliance Pipeline
and the Alberta Ethane Gathering System; an NGL extraction business which
includes a significant interest in a world-class extraction facility near
Chicago; and a power business with cogeneration facilities in Ontario,
Colorado and California, district energy systems in Ontario and Prince Edward
Island and waste heat power facilities along the Alliance Pipeline. Fort
Chicago and its businesses are also actively developing a number of greenfield
investment opportunities that will be a key source of future growth, including
LNG and pipeline facilities on the U.S. west coast, Alberta-based ethane and
NGL extraction facilities, repowering and expansion opportunities at the
California power facilities and Nova Scotia-based underground natural gas
storage and pipeline facilities.

    Class A Unit Ownership Restrictions

    Fort Chicago is organized in accordance with the terms and conditions of
a limited partnership agreement which provides that no Class A Units may be
transferred to, among other things, a person who is a "non-resident" of
Canada, a person in which an interest would be a "tax shelter investment" or a
partnership which is not a "Canadian partnership" for purposes of the Income
Tax Act (Canada).

    Certain information contained herein relating to, but not limited to,
Fort Chicago and its businesses constitutes forward-looking information under
applicable securities laws. All statements, other than statements of
historical fact, which address activities, events or developments that Fort
Chicago expects or anticipates may or will occur in the future, are
forward-looking information. Forward-looking information typically contains
statements with words such as "may", "estimate", "anticipate", "believe",
"expect", "plan", "intend", "target", "project", "forecast" or similar words
suggesting future outcomes or outlook. Forward-looking statements in this news
release include, but are not limited to, statements with respect to: the
timing of and obtaining of regulatory approvals for, the timing of the
development of, the financing terms of, and the economic benefits of, the
Jordan Cove LNG terminal and Pacific Connector gas pipeline. The risks and
uncertainties that may affect the operations, performance, development and
results of Fort Chicago's businesses include, but are not limited to, the
following factors: the ability of Fort Chicago to successfully implement its
strategic initiatives and achieve expected benefits; levels of oil and gas
exploration and development activity; the status, credit risk and continued
existence of contracted customers; the availability and price of capital; the
availability and price of energy commodities; the availability of construction
services and materials; fluctuations in foreign exchange and interest rates;
Fort Chicago's ability to successfully obtain regulatory approvals; changes in
tax, regulatory, environmental, and other laws and regulations; competitive
factors in the pipeline, NGL and power industries; operational breakdowns,
failures, or other disruptions; and the prevailing economic conditions in
North America. Additional information on these and other risks, uncertainties
and factors that could affect Fort Chicago's operations or financial results
are included in its filings with the securities commissions or similar
authorities in each of the provinces of Canada, as may be updated from time to
time. Readers are also cautioned that the foregoing list of factors and risks
is not exhaustive. The impact of any one risk, uncertainty or factor on a
particular forward-looking statement is not determinable with certainty as
these factors are independent and management's future course of action would
depend on its assessment of all information at that time. Although Fort
Chicago believes that the expectations conveyed by the forward-looking
information are reasonable based on information available on the date of
preparation, no assurances can be given as to future results, levels of
activity and achievements. Undue reliance should not be placed on the
information contained herein, as actual result achieved will vary from the
information provided herein and the variations may be material. Fort Chicago
makes no representation that actual results achieved will be the same in whole
or in part as those set out in the forward-looking information. Furthermore,
the forward-looking statements contained herein are made as of the date
hereof, and Fort Chicago does not undertake any obligation to update publicly
or to revise any forward-looking information, whether as a result of new
information, future events or otherwise. Any forward-looking information
contained herein is expressly qualified by this cautionary statement.





For further information:

For further information: Stephen H. White, President and C.E.O., Fort
Chicago Energy Partners L.P., Livingston Place, Suite 440, 222 - 3rd Avenue
S.W., Calgary, AB, T2P 0B4, Phone: (403) 296-0140, Fax: (403) 213-3648,
www.fortchicago.com

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