|
NORTHERN BORDER PIPELINE COMPANY ANNOUNCES COMPLETION OF THE CHICAGO PROJECT
FOR IMMEDIATE RELEASE: Monday, December 21, 1998
HOUSTON - Northern Border Pipeline Company announced today that its Chicago Project was completed on Sunday, December 20 and began accepting nominations today for initial gas deliveries Tuesday, December 22. The Chicago Project provides an additional 700 million cubic feet per day (MMcf/d) of transportation capacity for new Canadian gas supplies to U.S. markets and extends Northern Border's delivery service to the Chicago market area.
Northern Border now will be capable of providing approximately 20 percent of the natural gas consumed in the Chicago area and will provide new service to the rapidly developing Midwest market hub. Construction of the project began in 1997 and involved approximately 390 miles of 36- and 30-inch diameter pipe and the addition of 303,500 horsepower of compression.
"Completion of The Chicago Project marks the culmination of over 18 months of intense effort by more than 4,000 construction workers in six states as well as dedicated company employees all across our pipeline system," said Larry L. DeRoin, chairman of the Northern Border Management Committee. "We enter the Chicago marketplace with supplies of competitively priced Canadian natural gas, well positioned to serve both existing and expanded markets in the U.S."
Northern Border Pipeline Company is a general partnership which owns and operates a 1,213-mile interstate pipeline that transports approximately 25 percent of all Canadian gas imported into the U.S. The Chicago Project increases Northern Border Pipeline's capacity from 1,675 to 2,375 MMcf/d. Northern Border Partners, L.P. owns a 70 percent general partner interest in Northern Border Pipeline Company. The remaining 30 percent interest is owned by subsidiaries of TransCanada PipeLines Limited. Northern Border Partners, L.P. is listed on the New York Stock Exchange under the symbol "NBP."
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Northern Border Pipeline Company believes that its expectations are based on reasonable assumptions, it can give no assurance that such expectations will be achieved.
Click here to download this press release in Microsoft Word format.
For additional information please contact:
Elaine Thomas
(713) 853-6814
 |
