El Paso Corporation Files Application to Build Ruby Pipeline
January 27 2009 - 5:26PM
Marketwired
El Paso Corporation (NYSE: EP) announced today that it has filed
with the Federal Energy Regulatory Commission (FERC) an
application, under Section 7(c) of the Natural Gas Act, for a
certificate of public convenience and necessity to construct and
operate the Ruby Pipeline.
"Additional capacity out of the Rockies is urgently needed, and
Ruby is the right solution to help end users and producers," said
Jim Cleary, president of El Paso's Western Pipelines. "We have
completed the environmental, archaeological, and subsurface
assessments for our proposed route and are on track to be in
service in March 2011, pending FERC approval."
The proposed 675-mile, 42-inch interstate natural gas pipeline
will access growing sources of supply from multiple Rockies' basins
and make those supplies available to Nevada, California, and
Pacific Northwest markets. Ruby is expected to have an initial
design capacity of up to 1.5 billion cubic feet per day.
El Paso Corporation provides natural gas and related energy
products in a safe, efficient, and dependable manner. The company
owns North America's largest interstate natural gas pipeline system
and one of North America's largest independent natural gas
producers. For more information, visit www.elpaso.com. For more
information on the Ruby project, visit www.rubypipeline.com.
El Paso Corporation Cautionary Statement Regarding
Forward-Looking Statements
This release includes certain forward-looking statements and
projections. The company has made every reasonable effort to ensure
that the information and assumptions on which these statements and
projections are based are current, reasonable, and complete.
However, a variety of factors could cause actual results to differ
materially from the projections, anticipated results or other
expectations expressed in this release, including, without
limitation, our ability to obtain all necessary federal, state and
local regulatory approvals; our ability to successfully construct
and operate the proposed facilities described in this release;
general economic conditions in geographic regions or markets served
by El Paso Corporation and its affiliates, or where operations of
the company and its affiliates are located, and other factors
described in the company's (and its affiliates') Securities and
Exchange Commission filings. While the company makes these
statements and projections in good faith, neither the company nor
its management can guarantee that anticipated future results will
be achieved. Reference must be made to those filings for additional
important factors that may affect actual results. The company
assumes no obligation to publicly update or revise any
forward-looking statements made herein or any other forward-looking
statements made by the company, whether as a result of new
information, future events, or otherwise.
Contacts Investor-Media Relations Bruce L. Connery Vice
President Office: (713) 420-5855 Media Relations Robert C. Newberry
Principal Office: (713) 420-7298
El Paso (NYSE:EP)
Historical Stock Chart
From Aug 2024 to Sep 2024
El Paso (NYSE:EP)
Historical Stock Chart
From Sep 2023 to Sep 2024