ENBL Enable Midstream Partners LP

Enable Midstream Announces New Firm Transportation Contract with Oklahoma Utility

Enable Midstream Partners, LP (NYSE:ENBL) announced today a new 228,000 dekatherm per day (Dth/d) firm transportation service agreement with Oklahoma Gas and Electric (OG&E) on the Enable Oklahoma Intrastate Transmission, LLC (EOIT) system. The 20-year contract, expected to commence in late 2018, will support OG&E’s planned conversion of two 500 megawatt coal-fired generating units to natural gas. To support this new agreement, Enable will build 77 miles of 20-inch pipeline and associated metering facilities. Enable’s 2,200-mile EOIT pipeline has a long history of serving the power generation industry and is connected to 14 other natural gas-fired generation facilities in Oklahoma.

“This new agreement demonstrates the strength of our integrated pipeline and storage system that can respond quickly to the fuel needs of electric utility customers,” said Enable Midstream President and CEO Rod Sailor. “It also increases our significant firm, fee-based business with high-quality customers.”

In addition, Enable announced that it has extended two service agreements with other large power generating customers. Enable extended an agreement on Enable Gas Transmission, LLC for approximately 126,000 Dth/d of enhanced firm service for 4 additional years and extended another agreement on EOIT for approximately 305,000 Dth/d of firm service for an additional year.

ABOUT ENABLE MIDSTREAM PARTNERS

Enable Midstream Partners is a publicly traded master limited partnership. The Partnership owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Partnership’s assets include approximately 12,500 miles of gathering pipelines, 14 major processing plants with approximately 2.5 billion cubic feet per day of processing capacity, approximately 7,900 miles of interstate pipelines (including Southeast Supply Header, LLC of which the Partnership owns 50%), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 85.0 billion cubic feet of storage capacity.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the securities laws. All statements, other than statements of historical fact, regarding Enable Midstream Partners’ (the Partnership) strategy, future operations, financial position, estimated revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements often include the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast” and similar expressions and are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Partnership’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The Partnership assumes no obligation to and does not intend to update any forward-looking statements included herein. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements described under the heading “Risk Factors” included in our SEC filings. The Partnership cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond its control, incident to the ownership, operation and development of natural gas and crude oil infrastructure assets. These risks include, but are not limited to, contract renewal risk, commodity price risk, environmental risks, operating risks, regulatory changes and the other risks described under “Risk Factors” in our SEC filings. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the Partnership’s actual results and plans could differ materially from those expressed in any forward-looking statements.

EN
13/12/2016

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Enable Midstream Partners LP

Moody's announces completion of a periodic review of ratings of Enable...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Enable Midstream Partners, LP. Global Credit Research- 01 Jul 2021. New York, July 01, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Enable Midstream Partners, LP and other ratings that are associated with the same analytical unit.

Moody's changes Energy Transfer's outlook to stable

Rating Action: Moody's changes Energy Transfer's outlook to stable. Global Credit Research- 13 May 2021. New York, May 13, 2021-- Moody's Investors Service has changed Energy Transfer LP's outlook to stable from negative.

Moody's changes Energy Transfer's outlook to stable

Rating Action: Moody's changes Energy Transfer's outlook to stable. Global Credit Research- 13 May 2021. New York, May 13, 2021-- Moody's Investors Service has changed Energy Transfer LP's outlook to stable from negative.

Valens Research
  • Valens Research

Valens Equity Insights and Inflections - 2021 05 11

GOOGL is at the center of multiple macro tailwinds for the economy currently, between the At-Home Revolution, the Internet of Things, and the ubiquity of digital advertising. These are likely to offer sustained tailwinds for the company's profitability and growth, and yet the market is pricing UAFRS-based ROA (Uniform ROA or ROA') to decline going forward with growth at the low end of historical levels. Even Wall Street analysts realize this is highly unlikely going forward. Not only does t...

Valens Research
  • Valens Research

ENBL - Embedded Expectations Analysis - 2021 05 05

Enable Midstream Partners, LP (ENBL:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with an 11.6x Uniform P/E. At these levels, the market is pricing in bearish expectations for the firm, and management may have concerns about the Energy Transfer transaction, O&M and G&A costs, and further regulatory headwinds Specifically, management may lack confidence in their ability to sustain O&M and G&A cost savings and limit further asset impairments. Furthermo...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch