Holly Corporation, Holly Energy Partners and Enbridge Plan Oil Pipeline From Eastern Utah to Salt Lake City Area
07 Février 2006 - 12:50AM
PR Newswire (US)
Informational Open House Meetings Scheduled for Feb. 8 and 9 SALT
LAKE CITY, Feb. 6 /PRNewswire-FirstCall/ -- The proposed
construction of a 16-inch-diameter underground pipeline to carry
crude oil from eastern Utah to Holly's Woods Cross refinery near
Salt Lake City, with connections to other local refineries, will be
the subject of public information "open house" meetings Feb. 8 and
9. The first open house will be Wednesday, Feb. 8, from 7-9 p.m. in
the Coalville City Council meeting room, 10 N. Main Street in
Coalville. The second open house will be Thursday, Feb. 9, from 7-9
p.m. in building No. 1 at the Davis County Fair Park in Farmington.
As proposed by Holly Corporation (NYSE:HOC), Holly Energy Partners
(NYSE:HEP), and Enbridge Energy Company, Inc. [an indirectly,
wholly owned subsidiary of Enbridge Inc. (NYSE:ENB) Toronto], the
proposed pipeline will transport crude oil from an interconnection
with Frontier Pipeline near the Wyoming border in eastern Utah.
Traveling along existing pipeline corridors most of the way, it
will pass through Summit County, Morgan County and into Davis
County, terminating at the Holly Refinery in Woods Cross.
Approximately four miles of the alignment travels through National
Forest Systems lands. A special-use permit is required for the
pipeline to cross underground through the forest lands.
Representatives of the U.S. Forest Service's Salt Lake Ranger
District will participate in both open house sessions. "Reliable,
efficiently delivered crude oil supplies are needed by area
refineries to maintain affordable gasoline prices for the residents
of Utah," said Mark Cunningham, Project Manager. In addition to the
federal special use permit process, Holly, Holly Energy Partners,
and Enbridge must acquire right-of-way easements from all private
and public landowners along the alignment, as well as permits from
a number of federal, state and local agencies. Those who are
interested in learning more and sharing their comments on the
proposed pipeline are invited to attend one of the two open house
meetings or submit written comments to the Forest Service by Feb.
27. Comments should be addressed to: Loren Kroenke, Salt Lake
District Ranger, 6944 S. 3000 West, Salt Lake City, Utah 84121 or
Roger Kesterson, Wasatch-Cache National Forest, P.O. Box 129,
Mountain View, Wyo. 82939. ABOUT HOLLY and HOLLY ENERGY PARTNERS
Holly Corporation, headquartered in Dallas, Texas, is an
independent petroleum refiner and marketer that produces high value
light products such as gasoline, diesel fuel and jet fuel. Holly
operates through its subsidiaries a 75,000 barrels per day ("bpd")
refinery located in Artesia, New Mexico, a 26,000 bpd refinery in
Woods Cross, Utah, and an 8,000 bpd refinery in Great Falls,
Montana. Holly also owns a 45% interest (including the general
partner interest) in Holly Energy Partners, L.P. Holly Energy
Partners, L.P., also headquartered in Dallas, Texas, provides
petroleum product transportation and terminal services to the
petroleum industry, including Holly Corporation. The Partnership
owns or leases, and operates petroleum pipelines and terminals
primarily in Texas, New Mexico, Oklahoma, Arizona, Washington,
Idaho and Utah. In addition, the Partnership owns a 70% interest in
Rio Grande Pipeline Company, a transporter of LPGs from West Texas
to Northern Mexico. ABOUT ENBRIDGE INC. and ENBRIDGE ENERGY
COMPANY, INC. Enbridge Energy Company, Inc., is an indirectly,
wholly owned subsidiary of Enbridge Inc., a Canadian company.
Enbridge is a leader in energy transportation and distribution in
North America and internationally. As a transporter of energy,
Enbridge operates, in Canada and the United States, the world's
longest crude oil and liquids pipeline system. The Company also has
international operations and a growing involvement in the natural
gas transmission and midstream businesses. As a distributor of
energy, Enbridge owns and operates Canada's largest natural gas
distribution company, and provides distribution services in
Ontario, Quebec, New Brunswick and New York State; and is
developing a gas distribution system for the Province of New
Brunswick. Enbridge employs approximately 4,400 people, primarily
in Canada, the United States and South America. Enbridge's common
shares trade on the Toronto Stock Exchange in Canada and on the New
York Stock Exchange in the United States under the symbol ENB.
Information about Enbridge is available on the Company's website at
http://www.enbridge.com/ . The following is a "safe harbor"
statement under the Private Securities Litigation Reform Act of
1995: The statements in this press release relating to matters that
are not historical facts are "forward-looking statements" within
the meaning of the federal securities laws. These statements are
based on our beliefs and assumptions using currently available
information and expectations as of the date hereof, are not
guarantees of future performance and involve certain risks and
uncertainties, including those contained in the companies' filings
with the Securities and Exchange Commission. Although the companies
believe that the expectations reflected in these forward-looking
statements are reasonable, we cannot assure you that our
expectations will prove correct. Therefore, actual outcomes and
results could materially differ from what is expressed, implied or
forecast in these statements. The forward- looking statements speak
only as of the date made, other than as required by law, and we
undertake no obligation to publicly update or revise any forward-
looking statements, whether as a result of new information, future
events or otherwise. FOR FURTHER INFORMATION HOLLY AND HOLLY ENERGY
PARTNERS: Stephen J. McDonnell, Vice President and Chief Financial
Officer M. Neale Hickerson, Vice President, Investor Relations
Holly Corporation Holly Energy Partners, L.P. 214/871-3555
ENBRIDGE: Enbridge Contacts: Media Investment Community Jim Rennie
(Calgary) Bob Rahn (403) 231-3931 (403) 231-7398 E-mail: E-mail:
Larry Springer (Houston) (713) 821-2253 E-mail: Company, Inc.;
Enbridge Inc. FCMN Contact: neale.hickerson@hollycorp.com
DATASOURCE: Holly Corporation; Holly Energy Partners, L.P.;
Enbridge Energy CONTACT: Stephen J. McDonnell, Vice President and
Chief Financial Officer, or M. Neale Hickerson, Vice President,
Investor Relations, both of Holly Corporation and Holly Energy
Partners, L.P., +1-214-871-3555; or media, Jim Rennie,
+1-403-231-3931, or , or Larry Springer, +1-713-821-2253, or , or
investment community, Bob Rahn, +1-403-231-7398, or , all of
Enbridge Inc. and Enbridge Energy Company, Inc. Web site:
http://www.hollycorp.com/ http://www.enbridge.com/
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