Northern Border Partners of Houston can thank its recentlycompleted expansion for significant gains in net income andthroughput on Northern Border Pipeline in the second quarter. Thecompany posted a 26% increase in second quarter net income to $20.6million. That compares to $16.4 million for the same period in1998. The increase is primarily attributable to the completion inDecember of Northern Border’s Chicago Project, which increasescapacity by more than 40% and plays a key role in gastransportation to the upper Midwest.

Larry DeRoin, Northern Border CEO, said the pipeline operated atan average utilization rate of 99% during the second quarter.Throughput volumes increased significantly compared to secondquarter 1998, averaging 2,357 versus 1,657 MMcf/d, respectively.

Northern Border’s expansion went on line in December with the700 MMcf/d of capacity fully utilized (see Daily GPI Dec. 14,1998). Northern Border Partners owns a 70% general partner interestin Northern Border Pipeline Co., which owns and operates the1,214-mile pipeline that transports nearly 25% of all Canadian gasimports into the United States.

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