Bluegrass Pipeline LLC, a joint venture between Williams (NYSE:WMB) and Boardwalk Pipeline Partners, LP (NYSE: BWP) (Boardwalk), today announced that it is extending its binding Open Season until Jan. 17, 2014 at 5 p.m. CST. The extension is in response to requests of interested shippers who would like additional time to evaluate the pipeline project and the project’s market outlet options.
The open season is being held to secure industry commitments to the Bluegrass project which would provide timely natural gas liquids (NGLs) transportation capacity from the Marcellus and Utica shale plays to the petrochemical and export complex on the U.S. Gulf Coast. The Open Season began on Oct. 29, 2013 at 8 a.m. CDT and will conclude on Jan. 17, 2014 at 5 p.m. CST.
“We are pleased with the quality of interest shown thus far by producers that are active in the Utica and Marcellus shale plays. Extending our open season provides potential shippers with more time to evaluate how our proposed project fits their growing needs for NGL transport, fractionation, export and other end-use market options,” stated John Haynes, senior vice president and chief commercial officer for Boardwalk Pipeline Partners.
To request a confidentiality agreement and Open Season package or ask questions about the Bluegrass Pipeline, Moss Lake Fractionation or Moss Lake LPG Terminal projects, contact Joe Edgeller with Williams at (918) 573-9917 or Joe.Edgeller@williams.com or Beth Medlin with Boardwalk at (713) 479-8118 or Beth.Medlin@bwpmlp.com.About Williams Williams (NYSE: WMB) is one of the leading energy infrastructure companies in North America. It owns interests in or operates 15,000 miles of interstate gas pipelines, 1,000 miles of NGL transportation pipelines, and more than 10,000 miles of oil and gas gathering pipelines. The company's facilities have daily gas processing capacity of 6.6 billion cubic feet of natural gas, NGL production of more than 200,000 barrels per day and domestic olefins production capacity of 1.35 billion pounds of ethylene and 90 million pounds of propylene per year. Williams owns approximately 64 percent of Williams Partners L.P. (NYSE: WPZ), one of the largest diversified energy master limited partnerships. Williams Partners owns most of Williams' interstate gas pipeline and domestic midstream assets. Williams also owns Canadian operations and certain domestic olefins pipelines assets, as well as a significant investment in Access Midstream Partners, L.P. (NYSE: ACMP), a midstream natural gas services provider. The company's headquarters is in Tulsa, Okla. For more information, visit www.williams.com, where the company routinely posts important information. About Boardwalk Boardwalk Pipeline Partners, LP (NYSE: BWP) is a midstream master limited partnership that provides transportation, storage, gathering and processing of natural gas and liquids for its customers. Boardwalk and its subsidiaries own and operate approximately 14,410 miles of natural gas and liquids pipelines and underground storage caverns with an aggregate working gas capacity of approximately 201 billion cubic feet and liquids capacity of approximately 18 million barrels. Boardwalk is a subsidiary of Loews Corporation (NYSE: L), which holds 53% of Boardwalk's equity, excluding incentive distribution rights. Additional information about Boardwalk can be found on its website at www.bwpmlp.com. Forward-Looking Statements This press release contains forward-looking statements relating to expectations, plans or prospects for Boardwalk Pipeline Partners, LP, The Williams Companies, Inc. and their subsidiaries, in relation to the development of the proposed Bluegrass Pipeline and related facilities discussed in this press release, including the results of the open season, whether the project will be completed and, if completed, the scope, timing and performance of the project. These statements are based upon the current expectations and beliefs of management of Williams and Boardwalk and are subject to many risks and uncertainties that could cause actual results to differ materially from the current plans or expectations described in the forward-looking statements, including the risk and uncertainties described in the companies’ Annual, Quarterly and Current Reports and other filings with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of Boardwalk and Williams.
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