OKLAHOMA CITY--(EON: Enhanced Online News)--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”
“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.
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.