Message-ID: <16415752.1075857268510.JavaMail.evans@thyme>
Date: Tue, 21 Dec 1999 22:25:00 -0800 (PST)
From: press.release@enron.com
To: all.worldwide@enron.com
Subject: NORTHERN BORDER PARTNERS ANNOUNCES AMENDMENT TO PROJECT 2000
 APPLICATION TO MEET FERC POLICY
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Omaha =01) Northern Border Partners, L.P. announced today that Northern Bor=
der=20
Pipeline Company has amended the application filed on Oct. 16, 1998 with th=
e=20
Federal Energy Regulatory Commission (FERC) for its Project 2000 facilities=
. =20
The amendment conforms to the FERC=01,s Sept. 15, 1999 Statement of Policy =
in=20
that the revised project requires no subsidy from existing customers.  The=
=20
project=01,s capacity is fully subscribed on a long-term basis under bindin=
g=20
precedent agreements.=20
 =01&Project 2000 is designed to strategically position Northern Border Pip=
eline=20
to move natural gas east of Chicago and place our shippers in direct contac=
t=20
with the northern Indiana industrial zone, including providing an=20
interconnect with Northern Indiana Public Service Company,=018 said Larry=
=20
DeRoin, chairman, Partnership Policy Committee and CEO, Northern Border=20
Partners, L.P.  =01&This project continues Northern Border=01,s planned gro=
wth into=20
new and diversified markets, including the United States=01, largest steel =
mills=20
in northern Indiana.  We are eager to provide transportation services for=
=20
low-cost and reliable natural gas to this industry.=018
 In the amended application, Northern Border Pipeline proposes to install=
=20
approximately 35 miles of 30-inch pipe; uprate the horsepower at existing=
=20
Iowa compressor facilities; and install a new compressor facility in Bureau=
=20
County, Illinois.  Revised capital expenditures are estimated to be nearly=
=20
$95 million.  Northern Border Pipeline is seeking FERC approval by March 15=
,=20
2000.
Northern Border Pipeline Company is a general partnership which owns and=20
operates a 1, 214-mile large diameter pipeline that transports about 24=20
percent of all Canadian gas imported into the United States.  Northern Bord=
er=20
Partners, L.P. owns a 70 percent general partner interest in Northern Borde=
r=20
Pipeline.  The remaining 30 percent interest in Northern Border Pipeline is=
=20
owned by TC PipeLines, LP.  Northern Border Partners, L.P. common units are=
=20
listed on the New York Stock Exchange under the symbol =01&NBP.=018
##

This press release includes forward-looking statements within the meaning o=
f=20
Section 27A of the Securities Act of 1933 and Section 21E of the Securities=
=20
Exchange Act of 1934.  Although Northern Border Partners, L.P. believes tha=
t=20
its expectations are based on reasonable assumptions, it can give no=20
assurance that such expectations will be achieved.  Important factors that=
=20
could cause actual results to differ materially from those in the forward=
=20
looking statements herein include, but are not limited to, political and=20
regulatory developments that impact Federal Energy Regulatory Commission,=
=20
Northern Border Pipeline=01,s success in sustaining its positions in such=
=20
proceedings or the success of intervenors in opposing Northern Border=20
Pipeline=01,s positions, political and regulatory developments in Canada an=
d=20
conditions of the capital markets during the periods covered by the forward=
=20
looking statements.