Boardwalk to Begin Construction on Southeast Expansion.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. ) announced today that on September 28, 2007, the 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 ) approved construction of the Southeast Expansion project. The Southeast Expansion consists of 111 miles of 42-inch diameter pipeline having an initial capacity of approximately 1.2 billion cubic feet (Bcf) per day. The Southeast Expansion will extend from near Harrisville, Mississippi to an interconnect with Transcontinental Gas Pipe Line Corporation (Transco) 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. (Transco Station 85), which will enhance Boardwalk's ability to deliver gas to the Northeast and Southeast through other pipeline interconnects. At various points along the pipeline route, Boardwalk will construct interconnects with Destin Pipeline Company, 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. Company, and other potential interstate and intrastate pipelines and storage facilities. Construction is expected to commence within the next 45 days once certain specific required environmental approvals are received. The in-service target date is during the first quarter 2008. 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 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 13,400 miles of pipeline and underground storage fields with aggregate working gas capacity of approximately 146 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 the Company will successfully complete the Southeast Expansion, the 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. Forward-looking statements speak only as of the date they are made, and the company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. |
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