Northern Border Partners, L. P. to Acquire Canadian Midstream Assets From Dynegy Canada

OMAHA, Neb., Feb. 14 /PRNewswire/ -- Northern Border Partners, L. P. (NYSE: NBP) announced today that it has executed a definitive agreement to purchase the Mazeppa Plant and a minority interest in the Gregg Lake/Obed Pipeline from Dynegy Canada Inc., a subsidiary of Dynegy Inc. (NYSE: DYN). The pur...

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Bibliographic Details
Published inPR Newswire p. 1
Format Newsletter
LanguageEnglish
Published New York PR Newswire Association LLC 14.02.2001
Subjects
Due diligence
Investment Canada Act
Natural gas
Pipelines
Public relations
Texas, Nebraska, Alberta
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Summary:OMAHA, Neb., Feb. 14 /PRNewswire/ -- Northern Border Partners, L. P. (NYSE: NBP) announced today that it has executed a definitive agreement to purchase the Mazeppa Plant and a minority interest in the Gregg Lake/Obed Pipeline from Dynegy Canada Inc., a subsidiary of Dynegy Inc. (NYSE: DYN). The purchase is expected to close during the first quarter of 2001, subject to completion of due diligence and receipt of all necessary approvals. Northern Border Partners, L.P. owns a 70 percent general partner interest in Northern Border Pipeline Company, which owns a 1,214- mile interstate pipeline system that transports natural gas from the Montana-Saskatchewan border to markets in the Midwestern United States. Through Crestone Energy Ventures, the Partnership owns interests in Crestone Gathering Services (100 percent), Bighorn Gas Gathering (49 percent), Fort Union Gas Gathering (33.33 percent) and Lost Creek Gathering (35 percent) in the Powder River and Wind River Basins in Wyoming. In addition, the Partnership owns the Black Mesa Pipeline, a 273-mile, coal-water slurry pipeline from Kayenta, Ariz. to the Mohave Power Station in Laughlin, Nev. Northern Border Partners, L.P. information may be found at http:// www.northernborderpartners.com/.