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Empire Connector Pipeline Project Moving Forward.


Construction to Begin in Mid-September 2007

WILLIAMSVILLE, N.Y. -- Fourth graph, first sentence of release should read: ... at least ten years of 150,750 dth/d of natural gas transportation service ... (sted ... at least ten years of 150 dth/d of natural gas transportation service ...).

The corrected release reads:

EMPIRE CONNECTOR PIPELINE PROJECT MOVING FORWARD

Construction to Begin in Mid-September 2007

National Fuel Gas Company's ("National Fuel" or "Company") (NYSE NYSE

See: New York Stock Exchange
: NFG NFG No Freaking Good (polite form)
NFG Nefteyugansk (Russia)
NFG New Found Glory (band from Coral Springs, Florida)
NFG Neighborhood Funders Group
) wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Empire State Pipeline ("Empire"), has reached major milestones and is on schedule for its pipeline expansion project, the Empire Connector, to be completed and in service in the fall of 2008. Recent project developments include: the execution of a service agreement with a KeySpan Energy Corp. company for more than 60% of the pipeline's capacity; contracting for the pipeline and compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve  station equipment; engaging Otis Eastern Service, Incorporated as its pipeline construction contractor; and finalizing the project's construction schedule, with approximately 20 to 25 miles of pipeline construction slated for this year.

"We are pleased to see the next phases of this project coming to fruition fru·i·tion  
n.
1. Realization of something desired or worked for; accomplishment: labor finally coming to fruition.

2. Enjoyment derived from use or possession.

3.
," said David F. Smith, President and Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of National Fuel Gas Company and President of Empire State Pipeline. "For more than four years, we have worked diligently dil·i·gent  
adj.
Marked by persevering, painstaking effort. See Synonyms at busy.



[Middle English, from Old French, from Latin d
 with landowners, representatives from environmental agencies, agricultural specialists and legislators to move this project forward. Reaching this juncture junc·ture
n.
The point, line, or surface of union of two parts.
 would not have been possible without the cooperation of those affected by this important project, particularly the landowners along the pipeline route, who helped us develop a solid plan for this project. We are grateful for their input and look forward to the value this new infrastructure will bring to both New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 State and National Fuel.*"

The Empire Connector Project will expand the 157-mile long Empire State Pipeline by about 77 miles. Project costs are estimated to be approximately $177 million. Extending from Victor, N.Y., to Corning, N.Y., the Empire Connector will link the existing Empire State Pipeline that runs from near Buffalo, N.Y., to Syracuse, N.Y., to the Millennium Pipeline project. One compressor station will be built as part of the Empire Connector Project. The compressor station will be located in Oakfield, N.Y., and will increase the pipeline's ability to deliver gas along the expanded pipeline system. The Empire Connector and the Millennium Pipelines are part of a significant expansion project designed to bring much-needed energy supplies to the Northeast. Once completed, these projects, along with the Algonquin Gas Transmission, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 and Iroquois Gas Transmission System, L.P. expansion projects, will provide 525,400 dekatherms per day (dth/d) of new natural gas supply to growing markets in the Northeast.* When these pipeline projects are completed, natural gas will flow from increasingly important and substantial North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 supply basins to markets in the Northeast - serving customers in central and western New York
Western, New York is also the name of a town in Oneida County, New York.


Western New York refers to the westernmost region of New York State.
 along the way.*

Earlier this summer, a subsidiary of KeySpan Energy Corp. (NYSE: KSE KSE Karachi Stock Exchange
KSE Kuwait Stock Exchange
KSE Korea Stock Exchange
KSE Kernel Scheduler Entities
KSE Kill Switch Engage (band)
KSE Kuat Systems Engineering (Star Wars) 
), the largest distributor of natural gas in the Northeast, executed its firm transportation service agreement with Empire, providing for at least ten years of 150,750 dth/d of natural gas transportation service on the Empire State Pipeline, including the Empire Connector facilities.* KeySpan, which serves more than 2.5 million gas customers in the Northeast, is also New York's largest investor-owned electric generator and operates the Long Island Power Authority electric system serving 1.1 million customers. Empire is now actively marketing the remaining capacity that will be created by the Empire Connector.

"We are literally at the stage where all of the pieces to this project are coming together. Securing the materials and resources needed to construct energy infrastructure at a time in our industry when such things are at a premium is a significant milestone to reach. Right now, the pipe we'll use is being manufactured in Baton Rouge, Louisiana For the Canadian restaurant, see .
Baton Rouge (from the French bâton rouge), pronounced /ˈbætn ˈɹuːʒ/ in English, and
 and the compressor equipment is being manufactured in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation).
San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951.
," said Ronald C. Kraemer, Vice President, Empire State Pipeline. These components alone represent more than $30 million of the total project cost.

In another significant project development, Empire has engaged Wellsville, N.Y.,-based Otis Eastern Service, Incorporated as the construction contractor for the pipeline project. "We are pleased to be working with a local pipeline contractor with the capability and reputation to schedule and manage projects in a safe and timely manner. Otis Eastern has demonstrated experience in successfully completing pipeline construction projects throughout New York State, through all types of terrain, including agricultural lands, and in doing so with the utmost respect for the local natural resources" said Kraemer.

Representatives from Empire will continue to work directly with landowners and affected parties along the pipeline route at the beginning of, and throughout, the construction process. The first phase of pipeline construction is scheduled to begin in mid-September in Yates and Schuyler Counties Schuyler County is the name of several counties in the United States:
  • Schuyler County, Illinois
  • Schuyler County, Missouri
  • Schuyler County, New York
, with 20 to 25 miles of construction being planned for completion by early December. The rest of the pipeline route, including the compressor station, will be constructed in 2008. Those who own property in the area identified for construction this year will be contacted by a representative from Empire and will have an opportunity to meet with the project team in advance of the start of construction.

National Fuel Gas Company is an integrated energy company with $3.8 billion in assets comprised of the following five operating segments: Utility, Pipeline and Storage, Exploration and Production, Energy Marketing, and Timber. Additional information about National Fuel Gas Company is available on its Internet Web site: www.nationalfuelgas.com or through its investor information service at 1-800-334-2188. For more information about the Empire Connector, visit the project's Web site at www.empireconnector.com.

* - Certain statements contained herein, including statements concerning plans, objectives, goals, projections, strategies and future events or performance, statements which are designated with an asterisk (1) See Asterisk PBX.

(2) In programming, the asterisk or "star" symbol (*) means multiplication. For example, 10 * 7 means 10 multiplied by 7. The * is also a key on computer keypads for entering expressions using multiplication.
 ("*"), and statements which are identified by use of the words "anticipates," "estimates," "expects," "intends," "plans," "predicts," "projects," and similar expressions, are "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" as defined by 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. Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such statements. The Company's expectations, beliefs and projections contained herein are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that such expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors, the following are important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: changes in economic conditions, including economic disruptions caused by terrorist activities, acts of war Tom Clancy's Op-Center: Acts of War is a technothriller by Jeff Rovin Plot introduction
The mobile Regional Operations Center (ROC) in Turkey investigates a dam blown up by Kurdish terrorists.
 or major accidents; changes in demographic patterns or weather conditions, including the occurrence of severe weather; changes in the availability and/or price of natural gas, oil and coal; inability to obtain or retain sufficient customers for the proposed Empire Connector; changes in the plans of the sponsors of the proposed Millennium Pipeline with respect to that project; significant changes in competitive factors affecting the Company; governmental/regulatory actions, initiatives and proceedings, including the FERC's consideration of the proposed Empire Connector, and other federal, state or local actions, initiatives or proceedings affecting acquisitions, financings, allowed rates of return, affiliate relationships, industry and rate structure, franchise renewal, and environmental/safety requirements; unanticipated impacts of restructuring initiatives in the natural gas and electric industries; significant changes from expectations in actual capital expenditures and operating expenses Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted.
 and unanticipated project delays or changes in project costs; significant changes in the projected profitability of pending and potential projects, including the proposed Empire Connector; occurrences affecting the Company's ability to obtain funds from operations Funds From Operations (FFO)

Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back.
 or the issuance of debt or equity securities to finance needed capital expenditures and other investments; significant changes in the Company's relationship with its employees and contractors and the potential adverse effects if labor disputes, grievances or shortages were to occur; changes in laws and regulations to which the Company is subject, including tax, environmental, safety and employment laws and regulations; or the cost and effects of legal and administrative claims against the Company. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Aug 6, 2007
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