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Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Press Release X-To: All Enron Worldwide X-cc: X-bcc: X-Folder: \Benjamin_Rogers_Dec2000_2\Notes Folders\Discussion threads X-Origin: Rogers-B X-FileName: brogers.nsf Omaha =01) Northern Border Partners, L.P. announced today that Northern Bor= der=20 Pipeline Company has amended the application filed on Oct. 16, 1998 with th= e=20 Federal Energy Regulatory Commission (FERC) for its Project 2000 facilities= . =20 The amendment conforms to the FERC=01,s Sept. 15, 1999 Statement of Policy = in=20 that the revised project requires no subsidy from existing customers. The= =20 project=01,s capacity is fully subscribed on a long-term basis under bindin= g=20 precedent agreements.=20 =01&Project 2000 is designed to strategically position Northern Border Pip= eline=20 to move natural gas east of Chicago and place our shippers in direct contac= t=20 with the northern Indiana industrial zone, including providing an=20 interconnect with Northern Indiana Public Service Company,=018 said Larry= =20 DeRoin, chairman, Partnership Policy Committee and CEO, Northern Border=20 Partners, L.P. =01&This project continues Northern Border=01,s planned gro= wth into=20 new and diversified markets, including the United States=01, largest steel = mills=20 in northern Indiana. We are eager to provide transportation services for= =20 low-cost and reliable natural gas to this industry.=018 In the amended application, Northern Border Pipeline proposes to install= =20 approximately 35 miles of 30-inch pipe; uprate the horsepower at existing= =20 Iowa compressor facilities; and install a new compressor facility in Bureau= =20 County, Illinois. Revised capital expenditures are estimated to be nearly= =20 $95 million. Northern Border Pipeline is seeking FERC approval by March 15= ,=20 2000. Northern Border Pipeline Company is a general partnership which owns and=20 operates a 1, 214-mile large diameter pipeline that transports about 24=20 percent of all Canadian gas imported into the United States. Northern Bord= er=20 Partners, L.P. owns a 70 percent general partner interest in Northern Borde= r=20 Pipeline. The remaining 30 percent interest in Northern Border Pipeline is= =20 owned by TC PipeLines, LP. Northern Border Partners, L.P. common units are= =20 listed on the New York Stock Exchange under the symbol =01&NBP.=018 ## This press release includes forward-looking statements within the meaning o= f=20 Section 27A of the Securities Act of 1933 and Section 21E of the Securities= =20 Exchange Act of 1934. Although Northern Border Partners, L.P. believes tha= t=20 its expectations are based on reasonable assumptions, it can give no=20 assurance that such expectations will be achieved. Important factors that= =20 could cause actual results to differ materially from those in the forward= =20 looking statements herein include, but are not limited to, political and=20 regulatory developments that impact Federal Energy Regulatory Commission,= =20 Northern Border Pipeline=01,s success in sustaining its positions in such= =20 proceedings or the success of intervenors in opposing Northern Border=20 Pipeline=01,s positions, political and regulatory developments in Canada an= d=20 conditions of the capital markets during the periods covered by the forward= =20 looking statements.
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