Mr. Don Althoff reports

VERESEN COMMENTS ON FERC DECISION TO DENY REQUEST FOR REHEARING OF THE APPLICATIONS OF JORDAN COVE LNG AND PACIFIC CONNECTOR GAS PIPELINE

Veresen Inc. has received notice from the Federal Energy Regulatory Commission (FERC) that it has denied the request for rehearing submitted on April 8, 2016, by Jordan Cove Energy Project LP and Pacific Connector Gas Pipeline LP related to their applications for authorization to construct and operate a liquefied natural gas export terminal and natural gas pipeline. In its decision, FERC stated that the March 11 order properly denied the application and that it would not reopen the record and consider evidence filed subsequent to the initial decision, as the request for rehearing did not demonstrate the existence of extraordinary circumstances. The FERC reiterated that its denial is without prejudice to the applicants submitting a new application, should the companies show a market need for these services in the future.

"Veresen remains committed to this important energy infrastructure project," said Don Althoff, president and chief executive officer of Veresen. "We are very disappointed by FERC's decision, especially in light of the significant progress that has been made in demonstrating market support for the project and the strong showing of public support for the project. We continue to firmly believe this project will provide significant economic benefit to Oregon, while ensuring responsible environmental stewardship and stakeholder engagement."

Veresen will review all of its options in light of the FERC denial, including appeal or the submission of a new application with FERC. The company will provide an update on its strategy to advance the Jordan Cove liquefied natural gas project at an appropriate time in the future.

About Veresen

Veresen is engaged in three principal businesses: a pipeline transportation business composed of interests in the Alliance pipeline, the Ruby pipeline and the Alberta ethane gathering system; a mid-stream business, which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in Western Canada, and an ownership interest in Aux Sable, which owns a world-class natural-gas-liquid (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure; and a power business composed of a portfolio of assets in Canada. Veresen is also working to advance Jordan Cove LNG, a six-million-tonne-per-annum natural gas liquefaction facility proposed to be constructed in Coos Bay, Ore., and the associated Pacific Connector gas pipeline. In the normal course of business, Veresen regularly evaluates and pursues acquisition and development opportunities.