OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE:ENBL) today announced that Enable Gas Transmission, LLC (EGT), a wholly-owned subsidiary, has implemented an innovative update to its Enhanced Firm Transportation (EFT) service offering to electric power generators. This improvement to the EFT service is designed to give power generators increased flexibility by granting them ramp-up capabilities and increasing their hourly flexibility, improving their ability to respond to dispatch requests.
“We have worked very closely with customers, regulators, and industry experts to understand the needs of the power generation market and this service enhancement is the next step in our continuing effort to develop services that satisfy those needs,” said Chris Ditzel, Vice President Transportation and Storage of Enable Midstream Partners. “It is our mission to be a partner in the success of our customers, and we believe this is another great step towards delivering on that mission.”
With this service enhancement, EGT will provide EFT shippers the ability to ramp-up generation prior to the start of the gas day and will allow for non-ratable deliveries that can vary throughout the day -- within set parameters -- for accelerated generation needs. Enable Midstream provides services to power generators in the Midwest ISO and the Southwest Power Pool (SPP), and is currently one of the largest natural gas transportation service providers to power plants in the SPP.
The new service was recently mentioned by the Eastern Interconnection Planning Collaborative in its report on Gas-Electric System Interface Study as one of the “innovative services” that have been designed to strengthen the deliverability of natural gas to gas-fired generators across the study region.
The EFT upgrade took effect July 1, 2015.
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 11,900 miles of gathering pipelines, 13 major processing plants with approximately 2.3 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 49.90 percent), approximately 2,300 miles of intrastate pipelines and eight storage facilities comprising 87.5 cubic feet of storage capacity. For more information visit EnableMidstream.com.
FORWARD-LOOKING STATEMENTS
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’ 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 Enable Midstream’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Enable Midstream 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. Enable Midstream 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, Enable Midstream’s actual results and plans could differ materially from those expressed in any forward-looking statements.
