Monday, December 16, 2013
Expansion Plans Filed with NEB
Trans Mountain will hold invite-only public hearing
Released by Trans Mountain Pipelines/Voice file photo
Sheila Muxlow talks with Trans Mountain employee during the Trans Mountain's public consultation in December 2012.
his morning, Trans Mountain Pipelines filed a Facilities Application with the National Energy Board (NEB) for the proposed Trans Mountain Expansion Project. This application filing follows over a year and a half of engagement with pipeline and marine communities, a detailed environmental and socio-economic assessment, route assessments, and other various marine and terrestrial risk analyses and studies.
This filing is a significant milestone in the development of this project
and another step in the on-going engagement we will be having within your
Trans Mountain files facilities expansion application with the National Energy Board
rans Mountain Pipeline ULC (Trans Mountain) operated by Kinder Morgan Canada and owned by Kinder Morgan Energy Partners, L.P. (NYSE: KMP), today filed a Facilities Application with its regulator, the National Energy Board (NEB), for authorization to build and operate the necessary facilities for the company's proposed Trans Mountain expansion project.
The application addresses all issues previously identified by the NEB, including environmental, socio-economic, Aboriginal engagement, landowner and public consultation, marine risk assessments and engineering components of the proposed expansion project. With this filing, the proposed project will undergo a comprehensive public regulatory review.
"For the past 18 months we have engaged extensively with landowners, Aboriginal groups, communities and stakeholders along the entire proposed expansion route, and marine communities, and have carefully considered the input received during this period of study and dialogue," said Ian Anderson, president of Kinder Morgan Canada. "Our engagement efforts will continue beyond this filing leading up to the NEB hearing as we consider further input that is critical to our planning on this project."
The next step in this process will be for the NEB to establish a hearing schedule that corresponds to the federal government's legislated 15-month review and decision timeframe. If approvals are received, the expansion is expected to be operational in late 2017.
In spring 2012, Kinder Morgan Canada announced it would move forward with its proposed plans to expand the existing Trans Mountain pipeline system between Edmonton, Alberta, and Burnaby, British Columbia, following strong commitments received from its customers. Thirteen companies in the Canadian producing and oil marketing business signed firm contracts bringing the total volume of committed shippers to approximately 708,000 barrels per day (bpd). Kinder Morgan Canada received approval of the commercial terms related to the expansion from the NEB in May of this year. The proposed $5.4 billion project will increase capacity on Trans Mountain from approximately 300,000 bpd to 890,000 bpd.
For 60 years, the 1,150-km Trans Mountain pipeline system has been safely and efficiently providing the only West Coast pipeline access for Canadian oil products, including about 90 percent of the gasoline supplied to the interior and south coast of British Columbia. For more information, please visit www.transmountain.com.
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline transportation and energy storage company and one of the largest publicly traded pipeline limited partnerships in America. It owns an interest in or operates approximately 54,000 miles of pipelines and 180 terminals. The general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI). Kinder Morgan is the largest midstream and the fourth largest energy company in North America with a combined enterprise value of approximately $105 billion. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. KMI owns the general partner interests of KMP and El Paso Pipeline Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP, Kinder Morgan Management, LLC (NYSE: KMR) and EPB. For more information please visit www.kindermorgan.com.
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