Enable Midstream Partners, LP (NYSE:ENBL) announced today a new 228,000
dekatherm per day (Dth/d) firm transportation service agreement with
Oklahoma Gas and Electric (OG&E) on the Enable Oklahoma Intrastate
Transmission, LLC (EOIT) system. The 20-year contract, expected to
commence in late 2018, will support OG&E’s planned conversion of two 500
megawatt coal-fired generating units to natural gas. To support this new
agreement, Enable will build 77 miles of 20-inch pipeline and associated
metering facilities. Enable’s 2,200-mile EOIT pipeline has a long
history of serving the power generation industry and is connected to 14
other natural gas-fired generation facilities in Oklahoma.
“This new agreement demonstrates the strength of our integrated pipeline
and storage system that can respond quickly to the fuel needs of
electric utility customers,” said Enable Midstream President and CEO Rod
Sailor. “It also increases our significant firm, fee-based business with
high-quality customers.”
In addition, Enable announced that it has extended two service
agreements with other large power generating customers. Enable extended
an agreement on Enable Gas Transmission, LLC for approximately 126,000
Dth/d of enhanced firm service for 4 additional years and extended
another agreement on EOIT for approximately 305,000 Dth/d of firm
service for an additional year.
ABOUT ENABLE MIDSTREAM PARTNERS
Enable Midstream Partners is a publicly traded master limited
partnership. The Partnership owns, operates and develops strategically
located natural gas and crude oil infrastructure assets. The
Partnership’s assets include approximately 12,500 miles of gathering
pipelines, 14 major processing plants with approximately 2.5 billion
cubic feet per day of processing capacity, approximately 7,900 miles of
interstate pipelines (including Southeast Supply Header, LLC of which
the Partnership owns 50%), approximately 2,200 miles of intrastate
pipelines and eight storage facilities comprising 85.0 billion cubic
feet of storage capacity.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the
meaning of the securities laws. All statements, other than statements of
historical fact, regarding Enable Midstream Partners’ (the Partnership)
strategy, future operations, financial position, estimated revenues,
projected costs, prospects, plans and objectives of management are
forward-looking statements. These statements often include the words
“could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,”
“project,” “forecast” and similar expressions and are intended to
identify forward-looking statements, although not all forward-looking
statements contain such identifying words. These forward-looking
statements are based on the Partnership’s current expectations and
assumptions about future events and are based on currently available
information as to the outcome and timing of future events. The
Partnership assumes no obligation to and does not intend to update any
forward-looking statements included herein. When considering
forward-looking statements, you should keep in mind the risk factors and
other cautionary statements described under the heading “Risk Factors”
included in our SEC filings. The Partnership cautions you that these
forward-looking statements are subject to all of the risks and
uncertainties, most of which are difficult to predict and many of which
are beyond its control, incident to the ownership, operation and
development of natural gas and crude oil infrastructure assets. These
risks include, but are not limited to, contract renewal risk, commodity
price risk, environmental risks, operating risks, regulatory changes and
the other risks described under “Risk Factors” in our SEC filings.
Should one or more of these risks or uncertainties occur, or should
underlying assumptions prove incorrect, the Partnership’s actual results
and plans could differ materially from those expressed in any
forward-looking statements.
Enable Midstream Partners, LP
Media
Brian Alford, 405-553-6984
or
Investor
Matt Beasley, 405-558-4600