Energy Transfer Announces Receipt of FERC Certificate for Construction of Rover Pipeline
February 03 2017 - 3:50PM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) today
announced that the Federal Energy Regulatory Commission (FERC)
approved Rover Pipeline LLC’s (“Rover”) application to construct
and operate the Rover Pipeline Project. FERC’s order, issued
yesterday, allows Rover to move forward with its pipeline. Rover
has already notified FERC that it has accepted the certificate.
FERC’s order also approved Rover’s proposed tariff rates without
modification.
Consistent with its previous statements, Rover anticipates it
can meet its targeted in-service goals of July 2017 for Phase I and
November 2017 for Phase II.
The Rover Pipeline Project consists of new interstate pipeline
and related facilities extending from the Appalachian supply area
to a proposed interconnection with Vector Pipeline, LP in
Livingston County, Michigan. The Rover Pipeline will transport
up to 3.25 billion cubic feet per day of domestically-produced
natural gas to markets in the Midwest, Northeast, East Coast, Gulf
Coast and Canada, with direct deliveries to Ohio, West Virginia,
Michigan, and into the Dawn Hub in Ontario, Canada, which has a
broader network of distribution points back into the U.S.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master
limited partnership that owns and operates one of the largest and
most diversified portfolios of energy assets in the United States.
ETP’s subsidiaries include Panhandle Eastern Pipe Line Company, LP
(the successor of Southern Union Company) and Lone Star NGL LLC,
which owns and operates natural gas liquids storage, fractionation
and transportation assets. In total, ETP currently owns and
operates more than 62,500 miles of natural gas and natural gas
liquids pipelines. ETP also owns the general partner, 100% of the
incentive distribution rights, and approximately 67.1 million
common units of Sunoco Logistics Partners L.P. (NYSE: SXL), which
operates a geographically diverse portfolio of pipelines,
terminalling and acquisition and marketing assets. ETP recently
acquired the general partner, 100% of the incentive distribution
rights, and an approximate 65% limited partnership interest in
PennTex Midstream Partners, LP (Nasdaq: PTXP), which is a
growth-oriented master limited partnership that provides natural
gas gathering and processing and residue gas and natural gas
liquids transportation services to producers in northern Louisiana.
ETP’s general partner is owned by Energy Transfer Equity, L.P.
(NYSE: ETE). For more information, visit the Energy Transfer
Partners, L.P. website at www.energytransfer.com.
Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in ETP’s Annual Reports on Form 10-K
and other documents filed from time to time with the Securities and
Exchange Commission. ETP undertakes no obligation to update or
revise any forward-looking statement to reflect new information or
events.
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version on businesswire.com: http://www.businesswire.com/news/home/20170203005709/en/
Investor Relations:Energy TransferHelen Ryoo,
214-981-0795orBrent Ratliff, 214-981-0795orLyndsay Hannah,
214-981-0795orMedia Relations:Granado Communications
GroupVicki Granado, 214-599-8785Cell: 214-498-9272
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