Enbridge Pipelines (Ozark) L.L.C., a subsidiary of Enbridge Energy Partners, L.P. (the partnership), announces a binding open season that began on 15 December for its proposed expansion of the Enbridge Ozark pipeline (Enbridge Ozark).
Enbridge Ozark, which runs from Cushing, Oklahoma, to Wood River, Illinois, proposes to expand the capacity of the pipeline by increasing horsepower at pump stations and adding drag reducing agents (DRAs) to the crude petroleum. The in-service date of the expansion is expected to be during the second quarter of 2018.
The open season provides an opportunity for interested shippers to support the expansion by making firm commitments for a minimum 10 year term. Subject to regulatory approval by the Federal Energy Regulatory Commission (FERC), committed volumes will not be subject to pro-rationing to accommodate uncommitted volumes under ordinary operating conditions. In order to provide financial support for the expansion, the volume commitment of any existing historical shipper on Enbridge Ozark would be in addition to the shipper's historical shipments of crude petroleum on Enbridge Ozark.
The binding open season period will begin at 4 p.m. Central Time on 15 December 2016, and will end at 1 p.m. Central Time on 19 January 2017.
Bona fide potential shippers that wish to receive access to the open season documents, including the transportation services agreement, are required to execute a confidentiality agreement. No edits or amendments to the confidentiality agreement will be accepted.
Read the article online at: https://www.worldpipelines.com/business-news/16122016/open-season-begins-on-enbridges-ozark-pipeline/