KANSAS CITY, Mo. -- (Business Wire)
MoGas Pipeline LLC (“MoGas”), a wholly-owned subsidiary of CorEnergy
Infrastructure Trust, Inc. ("CorEnergy" or the "Company"), today
announced a non-binding Open Season to solicit long-term commitments
from shippers for firm transportation capacity on the MoGas Pipeline in
eastern Missouri, referred to as the “Expansion Project.” The Expansion
Project consists of looping its natural gas pipeline to add incremental
firm capacity from either the Rocky Mountain Express (“REX”) or
Panhandle Eastern (“PEPL”) pipelines to its interconnect with Enable
Mississippi River Transport Pipeline (“MRT”), expanding the geographic
reach of the existing MoGas Pipeline system. The Open Season provides an
opportunity for interested shippers to acquire long-term firm capacity,
under a minimum 10-year transportation service agreement and subject to
other eligibility requirements.
Open Season Process
The Open Season begins at 9:00 AM Central Time, April 1, 2017 and will
close at 5:00 PM Central Time, June 30, 2017. Bids must be received by
5:00 PM Central Time on June 30th. After the close of this non-binding
Open Season, MoGas will follow-up with parties submitting bids. MoGas
reserves the right to hold a follow-up open season or to proceed with
the Expansion Project without holding another open season. More
information concerning the Expansion Project, and the non-binding Open
Season is available on the MoGas website www.mogaspipe.com
or by contacting the MoGas representative listed below:
Cy Zebot
Senior Vice President, MoGas Pipeline, LLC
Phone:
636-856-8035 or 772-766-4013
czebot@mogaspipe.com
About MoGas Pipeline LLC
MoGas owns an approximately 263-mile FERC regulated interstate natural
gas pipeline system in the St. Louis area and in central Missouri that
delivers natural gas to both investor-owned and municipal local
distribution systems, having pipeline receipt and delivery interconnects
with REX, PEPL and MRT.
About
CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real
estate investment trust (REIT) that owns essential midstream and
downstream energy assets, such as pipelines, storage terminals, and
transmission and distribution assets. We seek long-term contracted
revenue from operators of our assets, primarily under triple net
participating leases. For more information, please visit corenergy.reit.
Forward-Looking Statements
This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. All statements, other than statements of historical fact, included
herein are "forward-looking statements." Although CorEnergy believes
that the expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties, and
these expectations may prove to be incorrect. Actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in CorEnergy's reports that are filed with the Securities and
Exchange Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Other than as required by law, CorEnergy does not assume
a duty to update any forward-looking statement. In particular, any
distribution paid in the future to our stockholders will depend on the
actual performance of CorEnergy, its costs of leverage and other
operating expenses and will be subject to the approval of CorEnergy's
Board of Directors and compliance with leverage covenants.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170329006098/en/
Contacts:
CorEnergy Infrastructure Trust, Inc.
Investor Relations
Lesley
Schorgl, 877-699-CORR (2677)
info@corenergy.reit
Source: CorEnergy Infrastructure Trust, Inc.
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