HOUSTON--(BUSINESS WIRE)--Natural Gas Pipeline Company of America LLC (NGPL) today announced the
start of a 30-day binding open season to solicit interest in the
potential expansion of its Gulf Coast mainline system from the Rockies
Express Pipeline (REX) interconnection in Moultrie County, Illinois, to
points north on NGPL’s pipeline system. This expansion project will
increase NGPL’s capacity by up to approximately 450,000 dekatherms per
day and provide for incremental firm transportation service to markets
in and near Chicago, Illinois, in NGPL’s Market Delivery Zone. The
approximately $100 million expansion would consist of the installation
of a new compressor station along NGPL’s market area system, with an
expected in-service date of Nov. 1, 2016.
“This project will enable Chicago-area markets to diversify their gas
supply portfolios and access additional prolific gas production from the
Utica and Marcellus shale areas, while enhancing reliability and
providing the most cost-effective solution in the marketplace,” said
Kinder Morgan Natural Gas Pipelines Central Region President David
Devine. “The project provides unparalleled access to more than 100 of
NGPL’s interconnects with Chicago-area local distribution companies,
direct-connect power plants, industrial end users, interstate pipelines,
and NGPL’s storage and highly liquid pooling points.”
The binding open season begins today (Oct. 16, 2014) and ends at 4 p.m.
Central Time on Nov. 17, 2014. Binding bids should be sent to Mark
Menis, director of Business Development for Kinder Morgan Natural Gas
Pipelines Central Region, at mark_menis@kindermorgan.com
or (630) 725-3107. Those interested in obtaining more detailed
information about this open season can visit the Kinder Morgan website
at www.kindermorgan.com.
NGPL is one of the largest interstate pipeline systems in the country
with approximately 9,200 miles of pipeline, more than 1 million
horsepower of compressor facilities and 282 billion cubic feet of
working gas storage. KMI operates NGPL and owns a 20 percent interest in
the pipeline company. Myria Holdings Inc. owns the remaining interest.
Kinder Morgan is the largest midstream and the third largest energy
company in North America with a combined enterprise value of
approximately $120 billion. It owns an interest in or operates
approximately 80,000 miles of pipelines and 180 terminals. Its pipelines
transport natural gas, gasoline, crude oil, CO2 and other
products, and its terminals store petroleum products and chemicals and
handle such products as ethanol, coal, petroleum coke and steel. Kinder
Morgan, Inc. (NYSE: KMI) owns the general partner interests of Kinder
Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners,
L.P. (NYSE: EPB), along with limited partner interests in KMP, Kinder
Morgan Management, LLC (NYSE: KMR) and EPB. For more information please
visit www.kindermorgan.com.
This news release includes forward-looking statements. These
forward-looking statements are subject to risks and uncertainties and
are based on the beliefs and assumptions of management, based on
information currently available to them. Although Kinder Morgan
believes that these forward-looking statements 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
include those enumerated in Kinder Morgan’s reports filed with the
Securities and Exchange Commission. Forward-looking statements
speak only as of the date they were made, and except to the extent
required by law, Kinder Morgan undertakes no obligation to update or
review any forward-looking statement because of new information, future
events or other factors. Because of these uncertainties, readers
should not place undue reliance on these forward-looking statements.