Midcontinent Express Pipeline Announces Binding Open Season for Expansion

abarrelfullabarrelfull wrote on 13 Apr 2012 08:38

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June 18, 2008

Midcontinent Express Pipeline LLC (MEP), a natural gas pipeline jointly owned by Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and Energy Transfer Partners, L.P. (NYSE: ETP), today announced a binding open season for the expansion of a portion of MEP's planned pipeline system. The expansion will increase the capacity by 300,000 dekatherms per day (Dth/d) and will take the main segment of MEP's Zone 1 capacity to 1.8 billion cubic feet per day. The expansion will originate at the planned interconnect locations with Energy Transfer and Natural Gas Pipeline Company of America in the Paris, Texas, area and terminate at the planned interconnect location with Columbia Gulf Transmission near Waverly, La. MEP has a limited amount of available capacity not under contract both upstream and downstream of the expanded segment for those parties interested in extending their path.

MEP is conducting a binding open season beginning today and accepting shipper commitments through 3 p.m. Central Time on July 9, 2008. MEP has obtained a pre-arranged binding commitment from a shipper for 300,000 Dth/d of capacity on the expansion project. Pending the necessary regulatory approvals, the expansion project is anticipated to be in service on or before December of 2010.

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