HOUSTON, Oct. 10 /CNW/ -- Midcontinent Express Pipeline LLC today filed
an application with the Federal Energy Regulatory Commission (FERC) requesting
a certificate of public convenience and necessity that would authorize
construction and operation of the approximately 500-mile Midcontinent Express
Pipeline natural gas transmission system. Subject to receipt of regulatory
approvals, construction on the pipeline is expected to commence in August 2008
and be in service by the first quarter 2009.
"Midcontinent Express will strengthen the nation's energy infrastructure
by providing access to Midwest, Northeast, Mid-Atlantic and Southeast markets
for growing domestic onshore supplies of clean-burning natural gas from the
Barnett Shale and Bossier Sand in Texas, the Fayetteville Shale in Arkansas
and the Woodford/Caney Shale in Oklahoma, as well as other new and existing
gas supplies in the region," said Scott Parker, president of natural gas
pipelines for Kinder Morgan Energy Partners, L.P. (NYSE: KMP).
The approximately $1.27 billion project will extend from southeast
Oklahoma, across northeast Texas, northern Louisiana and central Mississippi,
to an interconnection with the Transco Pipeline near Butler, Ala. Midcontinent
Express will have initial capacity of up to 1.4 billion cubic feet per day
(Bcf/d) and has binding commitments of approximately 1 Bcf/d from creditworthy
shippers for long-term transportation capacity. The pipeline will consist of
approximately 265 miles of 42-inch, 196 miles of 36-inch and 41 miles of
30-inch pipe, and have up to 13 receipt and/or delivery interconnections. The
delivery interconnections will provide access to numerous downstream markets,
including those served by the NGPL, Transco, Texas Eastern, Tennessee,
Columbia Gulf, Texas Gas, Southern Natural, Destin and ANR pipelines.
Midcontinent Express Pipeline is a 50/50 joint venture between Kinder
Morgan Energy Partners, L.P. and Energy Transfer Partners, LLC (NYSE: ETP).
KMP is managing the construction of the project and will operate the pipeline.
More information on the project is available at
Midcontinent Files Certificate
Kinder Morgan Energy Partners, L.P. is a leading pipeline transportation
and energy storage company in North America. KMP owns an interest in or
operates more than 24,000 miles of pipelines and 150 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 approximately $18 billion. The general partner of KMP is owned by Knight
Inc. (formerly Kinder Morgan, Inc.), a private company.
Energy Transfer Partners, L.P. is a publicly traded partnership owning
and operating a diversified portfolio of energy assets. ETP's natural gas
operations include intrastate natural gas gathering and transportation
pipelines, natural gas treating and processing assets located in Texas and
Louisiana, and three natural gas storage facilities located in Texas. These
assets include approximately 14,000 miles of intrastate pipeline in service,
with an additional 400 miles of intrastate pipeline under construction, and
2,400 miles of interstate pipeline. ETP is also one of the three largest
retail marketers of propane in the U.S., serving more than one million
customers across the country.
Energy Transfer Equity, L.P. (NYSE: ETE) owns the general partner of
Energy Transfer Partners and approximately 62.5 million ETP limited partners
units. Together ETP and ETE have a combined enterprise value of approximately
This news release includes forward-looking statements. Although Kinder
Morgan and Energy Transfer Partners believe that their expectations are based
on reasonable assumptions, the companies 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 and Energy Transfer's Forms 10-K and
10-Q as filed with the Securities and Exchange Commission.
For further information:
For further information: Media Relations, Joe Hollier, +1-713-369-9176,
or Investor Relations, Mindy Mills, +1-713-369-9490, both of Kinder Morgan
Energy Partners, L.P.; or Renee Lorenz of Energy Transfer Partners, L.P.,
+1-214-981-0795, Web Site: http://www.kindermorgan.com,