The good news came this week for Okla. City-based Enable Midstream, which received FERC approval of its rate case settlements with all firm-capacity customers of the company’s Mississippi River Transmission system (MRT). In anticipation of the approval, Enable announced in February it expects 2020 revenues from MRT to increase by $7 million, or $87 million this year. The settlements also include contract extensions for most firm transportation and storage customers filling 90% capacity through July 2024. Enable says the settlement rates will provide a financial return on historical upgrades and expansions of the system, as well as ongoing operating costs and rate certainty for customers.
Enable Midstream Partners, LP is a publicly traded Master Limited Partnership (MLP) where approximately 1,900 employees focus on providing customers timely, reliable and affordable solutions. They were formed as a joint venture by affiliates of CenterPoint Energy, Inc., OGE Energy Corp and ArcLight Capital Partners, LLC in May 2013.
Coming soon to FERC will be Enable’s application for its Gulf Run Pipeline project, which the company looks to file at any time. Gulf Run would provide 1.7 BCFD of pipeline capacity to transport a committed 1.1 BCFD of natural gas to the Golden Pass LNG terminal currently under construction to add export capabilities. Located in Sabine Pass, Texas, the $10 billion Golden Pass is a joint venture between ExxonMobil (30%) and Qatar Petroleum (70%). Project completion is expected in 2024.
Enable Midstream operates 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, 7,800 miles of interstate pipelines, 2,300 miles of intrastate pipelines, and eight natural gas storage facilities with 84.5 BCF of capacity.
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