Boardwalk's Fayetteville and Greenville Laterals Receive Authority to Operate at Standard Operating Pressure.HOUSTON -- Boardwalk Pipeline Partners, LP (NYSE NYSE See: New York Stock Exchange : BWP BWP In currencies, this is the abbreviation for the Botswana Pula. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) today announced that its Texas Gas Transmission Texas Gas Transmission is a natural gas pipeline which brings gas from the Louisiana Gulf coast up through Arkansas, Mississippi, Tennessee, and Kentucky, to supply gas to Illinois, Indiana, and Ohio. It is owned by Loews Corporation. Its FERC code is 18. , LLC, subsidiary has completed remediation of the pipe anomalies on its Fayetteville and Greenville Laterals and has received authorization from the Pipeline and Hazardous Materials Safety Administration Agency Overview The Pipeline and Hazardous Materials Safety Administration (PHMSA) was created under the Norman Y. Mineta Research and Special Programs Improvement Act (P.L. 108-426) of 2004. President Bush signed the legislation into law on November 30, 2004. (PHMSA PHMSA Pipeline and Hazardous Materials Safety Administration ) to operate these laterals at standard operating pressures (.72 of the Specified Minimum Yield Strength Specified Minimum Yield Strength Specified Minimum Yield Strength (SMYS) means the specified minimum yield strength for steel pipe manufactured in accordance with a listed specification. ). Rolf Gafvert, Chief Executive Officer for Boardwalk, said "The pipe anomalies have been remediated on all of Boardwalk's expansion pipeline projects and all of these projects are now approved to operate at standard operating pressures." He also stated that "We continue to work cooperatively with PHMSA in order to obtain the authority to operate our projects at higher operating pressures. PHMSA retains discretion on granting these additional approvals." The Fayetteville lateral consists of 165 miles of 36-inch pipeline and originates in Conway County, Arkansas Conway County is a county located in the U.S. state of Arkansas. As of 2000, the population was 20,336. The county seat is Morrilton. Conway County was formed on October 20, 1825 from a portion of Pulaski County and named for Henry Wharton Conway who was the territorial delegate to , and proceeds to an interconnect with the Texas Gas mainline in Coahoma County, Mississippi Coahoma County is a county located in the Mississippi Delta region of the U.S. state of Mississippi. As of 2000, the population was 30,622. Its county seat is Clarksdale6. . The Greenville lateral consists of 95 miles of 36-inch pipeline and originates at the Texas Gas mainline near Greenville, Mississippi, and proceeds to Kosciusko, Mississippi. Boardwalk Pipeline Partners, LP, is a limited partnership engaged, through its subsidiaries, Gulf Crossing Pipeline Company LLC, Gulf South Pipeline Company, LP, and Texas Gas Transmission, LLC, in the interstate transportation and storage of natural gas. Boardwalk's interstate natural gas pipeline systems have approximately 14,200 miles of pipeline and underground storage fields having aggregate working gas capacity of approximately 163 Bcf. This press release contains forward-looking statements relating to expectations, plans or prospects for Boardwalk Pipeline Partners, LP, and its subsidiaries. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties, including those related to remediation of pipeline anomalies, the impact of the anomalies on Boardwalk's business and financial results, and future approvals or authorizations from PHMSA to operate Boardwalk's expansion pipelines at higher operating pressures, that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties as well as other information related to our expansion pipelines are discussed in Boardwalk's filings with the U.S. Securities and Exchange Commission. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion