Printer Friendly

Boardwalk's East Texas Pipeline, Southeast Expansion and Gulf Crossing Pipeline Projects Receive Authority to Operate at Their Full Design Capacity of .80 SMYS.

HOUSTON -- Boardwalk Pipeline Partners, LP (NYSE:BWP) today announced that each of its 42-inch pipeline projects, the East Texas Pipeline, Southeast Expansion and the Gulf Crossing Pipeline, have received authorization from the Pipeline and Hazardous Materials Safety Administration (PHMSA) to operate at their full design capacity of .80 of the specified minimum yield strength (SMYS) effective immediately. Previously, each of these projects had been operating at .72 SMYS. Rolf Gafvert, Chief Executive Officer for Boardwalk, said, "We are pleased to receive this approval from PHMSA and look forward to operating our 42-inch pipeline systems as they were originally designed."

Recently, Boardwalk announced the sale of an additional 156 million cubic feet per day of capacity on the Haynesville Project under a 15-year agreement. The additional capacity was contingent upon receiving today's approval to operate at .80 SMYS.

The East Texas Pipeline originates near Carthage, Texas and proceeds to Harrisville, Mississippi. The Southeast Expansion project originates near Harrisville, Mississippi and extends to an interconnect with Transcontinental Pipe Line Company in Choctaw County, Alabama (Transco Station 85). The Gulf Crossing Pipeline originates near Sherman, Texas and proceeds to the Perryville, Louisiana area.

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.
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1U7TX
Date:Dec 16, 2009
Previous Article:Whether It's Rain or Sleet or Gloom of NightOAisle411 & Ace Hardware Introduce Text Message Shopping Service Linked to Weather Activity.
Next Article:Fitch Affirms UnitedHealth's Ratings; Outlook Remains Negative.

Related Articles
Pipeline construction scorecard: project planned and under construction.
EIA report projects promising scenario for U.S. pipeline construction.
Growing U.S. gas demand continues to drive new pipeline construction.
Boardwalk's Southeast Expansion gains FERC approval.
Boardwalk's Southeast Expansion begins service.
Gulf Crossing has authority to operate at 72% SMYS, add compression.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters