HOUSTON--(BUSINESS WIRE)--Jul. 28, 2009-- Boardwalk Pipeline Partners, LP (NYSE:BWP) today announced that its Gulf South Pipeline Company, LP (Gulf South) has completed remediation of the pipe anomalies on its East Texas and Southeast pipeline projects and has received authorization from the Pipeline and Hazardous Materials Safety Administration (PHMSA) to operate these pipelines at standard operating pressures (.72 of the Specified Minimum Yield Strength).
Rolf Gafvert
, Chief Executive Officer for Boardwalk Pipeline Partners, LP, said, “We have made significant progress on our pipeline anomaly remediation efforts and all of our 42” pipeline projects can now operate at standard operating pressures.” He also stated that “We are performing additional tests and will continue to work cooperatively with PHMSA in order to obtain the authority to operate these projects at higher operating pressures. PHMSA retains discretion on granting these additional approvals.”
The East Texas Pipeline consists of approximately 242 miles of 42-inch pipeline and originates near DeSoto Parish in western Louisiana and proceeds to Harrisville, Mississippi. The Southeast Expansion project consists of approximately 111 miles of 42-inch pipeline and originates near Harrisville, Mississippi, and extends to an interconnect with Transcontinental Pipe Line Company in Choctaw Country, Alabama (Transco Station 85).
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 160 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.
Source: Boardwalk Pipeline Partners, LP
Boardwalk Pipeline Partners, LP
Senior VP, Chief Financial Officer and Treasurer
Jamie Buskill, 713-479-8082
or
Director of Investor Relations
Allison McLean, 866-913-2122
