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Northern Border Pipeline Company Announces an Agreement in Principle to Settle Rate Case
OMAHA-Northern Border Pipeline Company announces that it has reached an agreement in principle with the majority of its customers and the Federal Energy Regulatory Commission (FERC) staff to settle its pending rate case. The parties are proceeding with the preparation of the necessary documentation of the settlement terms, which must be approved by the parties. Terms of the settlement are confidential until a stipulation and agreement is filed with the FERC for approval. Based upon the agreement in principle, the procedural schedule in the rate case proceeding has been suspended for 60 days.
"We are very pleased to have reached a resolution of the issues in this case and believe the settlement is beneficial to our partners' and our customers' interests," said Larry DeRoin, President of Northern Plains Natural Gas Company, Operator of the Northern Border Pipeline.
Northern Border Pipeline Company is a general partnership which owns and operates a 1,214-mile interstate pipeline that transports approximately 23 percent of all Canadian gas imported into the United States. Northern Border Partners, L.P.(NYSE:NBP) owns a 70 percent general partner interest in Northern Border Pipeline Company. The remaining 30 percent interest in Northern Border Pipeline is owned by TC PipeLines, LP (NASDAQ:TCLPZ).
Media Inquiries:
Glenn Herchak
(403) 267-3309
Limited Partner and Analyst Inquiries:
Theresa Jang
(403) 290-7485
Toll-free 1-877-290-2772
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