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Boardwalk Pipeline Partners Announces Open Season for 700,000 Mcf Per Day Pipeline Expansion to Florida and the Southeast.


OWENSBORO, Ky. -- 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.
) announced today that its subsidiary, Gulf South Pipeline Company, LP, is conducting a binding open season for firm transportation capacity on its Southeast Expansion pipeline project. The expansion will initially have 700,000 Mcf per day of capacity, and it will transport gas from the Jackson, Mississippi area to Florida markets and various other interconnects with interstate pipelines and storage facilities serving markets in the Southeast and Northeast.

As part of this project, Boardwalk has negotiated an agreement with Destin Pipeline Company, L.L.C. to lease capacity on Destin's system as an integral part of its Southeast Expansion Project. The project would include a new 89 mile, 36 inch pipeline originating near Jackson, Mississippi and interconnecting with Destin Pipeline in Clarke County, Mississippi Clarke County is a county located in the U.S. state of Mississippi. As of 2000, the population is 17,955. Its county seat is Quitman6. Clarke County is named for the first Mississippi state chancellor and judge Joshua G. Clarke. . From there, gas would be transported using Gulf South's leased capacity on Destin to Florida markets through interconnects with Florida Gas Transmission Florida Gas Transmission is a natural gas pipeline which brings gas from Texas, Louisiana, Mississippi, and Alabama into Florida. It is owned by 50% by Southern Natural Gas and 50% by CrossCountry Energy. Its FERC code is 34.  and Gulfstream pipelines. In addition, this project would provide additional supplies to customers in the Northeast and other Southeast markets, through interconnects with Tennessee Gas Pipeline Tennessee Gas Pipeline (TGPL) is a natural gas pipeline which runs from the Gulf of Mexico coast in Texas and Louisiana up through Arkansas, Kentucky, Tennessee, Ohio, and Pennsylvania to deliver gas in West Virginia, New Jersey, New York, and New England. , Transcontinental Pipeline, and Southern Natural. During the open season, Gulf South is also soliciting customer interest in constructing a 36 mile lateral from the Gulf South and Destin interconnect eastward to Transco's system near Station 85, located in Choctaw County, Alabama Choctaw County is a county of the U.S. state of Alabama. It is named for the Choctaw tribe of American Indians, though most of those which resided here were removed to Oklahoma.[1] As of 2000 the population was 15,922. Its county seat is Butler. .

Natural gas originating primarily from the prolific Barnett Shale and Bossier Sands producing regions of East Texas will be transported to the Jackson, Mississippi area on Gulf South's previously announced East Texas and Mississippi Expansion projects. The Southeast Expansion Project would facilitate movement of that gas further east into the interstate pipeline grid. This project would also provide Florida markets access to reliable on-shore gas supplies. The Southeast Expansion capacity is expected to be in-service during the first half of 2008.

"Gulf South continues to receive strong market support for its expansion projects," said Rolf Gafvert, Co-President of Boardwalk. "A positive market response during this open season would allow us to construct new capacity to serve customers in Southeast markets such as Florida as well as giving shippers additional access to interstate pipelines serving customers in the Northeast and South Eastern parts of the United States. This expansion further reinforces the strong presence of Boardwalk Pipeline Partners as we continue to meet the needs of producers and end users in the marketplace."

The expansion project and lease are subject to Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates.  (FERC FERC Federal Energy Regulatory Commission
FERC FEMA Emergency Response Capability
) approvals. Gulf South anticipates commencing the certificate process with the FERC after the close of a successful open season.

Boardwalk Pipeline Partners, LP is a master limited partnership engaged through its subsidiaries, 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 (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 and Gulf South Pipeline Company, LP, in the interstate transportation and storage of natural gas. Boardwalk's two interstate natural gas pipeline systems have approximately 13,470 miles of pipeline and underground storage fields with aggregate working gas capacity of approximately 143 Bcf.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 and other federal securities laws relating to expectations, plans or prospects for Boardwalk and its subsidiaries, including those relating to whether or not Gulf South will successfully complete the Southeast expansion, lease capacity on Destin, the capacity, cost and timing of any completed projects and the future financial performance of those assets. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the company's control and the risk factors and other cautionary statements discussed in Boardwalk's filings with the U.S. Securities and Exchange Commission.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 25, 2006
Words:623
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