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Article: Northern Border Partners, L.P. Updates Northern Border Pipeline Recontracting Status.
- Article from:
- Business Wire
- Article date:
- April 25, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OMAHA, Neb. -- Northern Border Partners, L.P. (NYSE:NBP) today announced that approximately 600 million cubic feet per day (mmcfd) of Northern Border Pipeline firm transportation capacity was unsold for the month of April. Most of this capacity was on the Port of Morgan, Montana to Ventura, Iowa segment of the pipeline.
"We had indicated previously that this might occur at certain times during 2005," said Bill Cordes, chief executive officer of Northern Border Partners. "We believe a primary factor in the unsold capacity was greater than average natural gas storage injections during April from western Canadian supply sources, triggered by unusually high summer to ...