Jordan Cove Energy Project L.P. and Pacific Connector Gas Pipeline, L.P. seek approval to construct an LNG terminal and natural gas transmission system in the United States



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

    Trading Symbol: FCE.UN
    Exchange: TSX

    CALGARY, Sept. 4 /CNW/ - Fort Chicago Energy Partners L.P. ("Fort
Chicago") announced that Jordan Cove Energy Project L.P. and Pacific Connector
Gas Pipeline, L.P. have each filed an application today with the Federal
Energy Regulatory Commission ("FERC") in the United States for approval to
construct a liquefied natural gas ("LNG") import terminal ("Jordan Cove LNG")
and an interstate natural gas transmission system ("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. ("Williams"), PG&E
Corporation ("PG&E") and Fort Chicago.
    Together, the Jordan Cove LNG and Pacific Connector projects will help
meet the growing needs for natural gas supplies in the Pacific Northwest,
northern California and northern Nevada. "I am very pleased that the Jordan
Cove LNG terminal and the Pacific Connector pipeline have reached this
critical milestone in project development," said Stephen White, President and
CEO of Fort Chicago. "The building of these projects will ensure new,
competitive sources of gas supply are available to meet the growing energy
market needs in the western United States."
    The Jordan Cove LNG project, to be located in the International Port of
Coos Bay, Oregon is a state-of-the-art LNG import terminal that will provide a
new competitive source of clean-burning natural gas to meet growing energy
demands. The facility will include a marine berth capable of receiving LNG
supplies from specially-designed marine vessels, two full containment 160,000 
cubic meter LNG tanks (3.2 billion cubic feet per tank) for storage of the
natural gas in liquid form, regasification and send out capacity of one
billion cubic feet of natural gas per day, an integrated electric power plant,
and a natural gas liquids extraction facility to recover propane and butane to
ensure compliance with regional gas specifications.
    The Pacific Connector project is a 230-mile, 36-inch diameter pipeline
designed to transport up to one billion cubic feet of natural gas per day from
the Jordan Cove LNG terminal to diverse and growing markets. The Pacific
Connector project includes interconnects to Williams' Northwest Pipeline near
Myrtle Creek, Oregon, Avista Corporation's distribution system near Shady
Cove, Oregon, as well as Pacific Gas and Electric Company's gas transmission
system, Tuscarora Gas Transmission's system and Gas Transmission Northwest's
system, all located near Malin, Oregon Pacific Connector has entered into
agreements with seven customers who have requested 1.49 billion cubic feet of
natural gas capacity per day through the proposed pipeline. Upon finalization
of LNG supply commitments at the Jordan Cove LNG terminal, Pacific Connector
will allocate, if needed, the available one billion cubic feet of pipeline
capacity amongst its customers.
    Submittal of the applications concludes a 16-month National Environmental
Policy Act ("NEPA") pre-filing review process during which Jordan Cove and
Pacific Connector performed extensive field surveys and engaged in frequent,
coordinated consultations with the FERC, the U.S. Coast Guard, U.S. Bureau of
Land Management, U.S. Forest Service, as well as all key state, county and
local environmental, safety and security agencies. In addition to these agency
inputs, Jordan Cove and Pacific Connector, through numerous public meetings,
solicited input from area citizens, and civic and governmental organizations,
to insure that the application reflected the needs and concerns of all
interested parties.
    Following submittal of the applications, it is expected the FERC will
develop a Draft Environmental Impact Statement ("DEIS") for the two projects.
The DEIS will be subject to further review and public comment with final FERC
approval anticipated by the fall of 2008. Commercial operations of the
terminal and pipeline are expected to begin late fall, 2011.

    Additional information about the projects can be found online at
    http://www.jordancoveenergy.com/ and http://www.pacificconnectorgp.com/.

    About Fort Chicago

    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 Dominion Bond Rating Service and
Standard & Poor's of STA-2 (low) and SR-2, respectively. Together with its
affiliates, Fort Chicago presently owns:

    
    (i)    a 50.0% interest in the Alliance Pipeline, a 3,000 kilometre
           mainline natural gas pipeline, which extends from northeastern
           British Columbia to delivery points near Chicago, Illinois;

    (ii)   an approximate 42.7% interest in Aux Sable and Alliance Canada
           Marketing. Aux Sable operates natural gas liquids extraction,
           fractionation and delivery facilities near Chicago;

    (iii)  a 100% interest in the Alberta Ethane Gathering System, a
           1,324 kilometre ethane pipeline system, which delivers ethane
           feedstock to Alberta's petro-chemical industry; and

    (iv)   a 100% interest in two gas-fired cogeneration power facilities in
           California, a district energy system located in Charlottetown,
           Prince Edward Island and a district energy system located in
           London Ontario.
    

    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, an
Alberta-based ethane extraction facility, an NGL extraction facility capable
of processing off-gas produced by Alberta's oil sands upgraders, two
co-generation power facilities situated in Ontario, repowering and expansion
opportunities at the California power facilities, waste heat power facilities
along the Alliance Pipeline and a Nova Scotia-based underground natural gas
storage facility.

    About Williams (NYSE:  WMB)

    Williams, through its subsidiaries, primarily finds, produces, gathers,
processes and transports natural gas. The company also manages a wholesale
power business. Williams' operations are concentrated in the Pacific
Northwest, Rocky Mountains, Gulf Coast, southern California and the Eastern
Seaboard of the United States. More information is available at
www.williams.com.

    About PG&E (NYSE:  PCG)

    PG&E is an energy-based holding company and is also the parent company of
Pacific Gas and Electric Company, one of the largest investor-owned electric
utilities in the United States. Pacific Gas and Electric Company serves
approximately 15 million customers throughout northern and central California.
For more information, visit www.pgecorp.com.

    
                     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 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 we expect or anticipate 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.
The following discussion is intended to identify certain factors, although not
necessarily all factors, which could cause future outcomes to differ
materially from those set forth in the forward-looking information. The risks
and uncertainties that may affect the operations, performance, development and
results of our 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; the status, credit risk and
continued existence of contracted customers; the availability and price of
energy commodities; fluctuations in foreign exchange and interest rates; the
regulatory environment; competitive factors in the pipeline, NGL and power
industries; and the prevailing economic conditions in North America. The
reader is cautioned that these factors and risks are difficult to predict and
that the assumptions used in the preparation of such information, although
considered reasonably accurate by Fort Chicago at the time of preparation, may
prove to be incorrect or may not occur. Accordingly, readers are cautioned
that the actual results achieved will vary from the information provided
herein and the variations may be material. Readers are also cautioned that the
foregoing list of factors and risks is not exhaustive. Additional information
on these and other risks, uncertainties and factors that could affect Fort
Chicago's operations or financial results are included in our filings with the
securities commissions or similar authorities in each of the provinces of
Canada, as may be updated from time to time. There is no representation by
Fort Chicago 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.

    Certain financial information contained in this news release may not be
standard measures under Generally Accepted Accounting Principles ("GAAP") in
Canada and may not be comparable to similar measures presented by other
entities. These measures are considered to be important measures used by the
investment community and should be used to supplement other performance
measures prepared in accordance with GAAP in Canada. For further information
on non-GAAP financial measures used by Fort Chicago see Management's
Discussion and Analysis, in particular, the section entitled "Non-GAAP
Financial Measures" contained in the annual Management Discussion and
Analysis, filed by Fort Chicago with Canadian securities regulators.





For further information:

For further information: Stephen H. White, President and C.E.O., Hume D.
Kyle, Vice President, Finance and C.F.O., Fort Chicago Energy Partners L.P.,
Stock Exchange Tower, 2150, 300 Fifth Avenue S.W., Calgary, AB, T2P 3C4,
Phone: (403) 296-0140, Fax: (403) 213-3648, www.fortchicago.com

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