Natural Gas Pipeline Company of America LLC (NGPL) today announced the start of a 30-day binding open season to solicit interest in the potential expansion of its Gulf Coast mainline system from the Rockies Express Pipeline (REX) interconnection in Moultrie County, Illinois, to points north on NGPL’s pipeline system. This expansion project will increase NGPL’s capacity by up to approximately 450,000 dekatherms per day and provide for incremental firm transportation service to markets in and near Chicago, Illinois, in NGPL’s Market Delivery Zone. The approximately $100 million expansion would consist of the installation of a new compressor station along NGPL’s market area system, with an expected in-service date of Nov. 1, 2016. “This project will enable Chicago-area markets to diversify their gas supply portfolios and access additional prolific gas production from the Utica and Marcellus shale areas, while enhancing reliability and providing the most cost-effective solution in the marketplace,” said Kinder Morgan Natural Gas Pipelines Central Region President David Devine. “The project provides unparalleled access to more than 100 of NGPL’s interconnects with Chicago-area local distribution companies, direct-connect power plants, industrial end users, interstate pipelines, and NGPL’s storage and highly liquid pooling points.” The binding open season begins today (Oct. 16, 2014) and ends at 4 p.m. Central Time on Nov. 17, 2014. Binding bids should be sent to Mark Menis, director of Business Development for Kinder Morgan Natural Gas Pipelines Central Region, at firstname.lastname@example.org or (630) 725-3107. Those interested in obtaining more detailed information about this open season can visit the Kinder Morgan website at www.kindermorgan.com. NGPL is one of the largest interstate pipeline systems in the country with approximately 9,200 miles of pipeline, more than 1 million horsepower of compressor facilities and 282 billion cubic feet of working gas storage. KMI operates NGPL and owns a 20 percent interest in the pipeline company. Myria Holdings Inc. owns the remaining interest.
Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $120 billion. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO 2 and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. Kinder Morgan, Inc. (NYSE: KMI) owns the general partner interests of Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP, Kinder Morgan Management, LLC (NYSE: KMR) and EPB. For more information please visit www.kindermorgan.com.This news release includes forward-looking statements. These forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although Kinder Morgan believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include those enumerated in Kinder Morgan’s reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, Kinder Morgan undertakes no obligation to update or review any forward-looking statement because of new information, future events or other factors. Because of these uncertainties, readers should not place undue reliance on these forward-looking statements.