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Boardwalk's Gulf Crossing Pipeline Receives Authority to Operate at 72% SMYS and Receives Approval to Add Compression

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HOUSTON--(BUSINESS WIRE)--Jun. 30, 2009-- Boardwalk Pipeline Partners, LP (NYSE:BWP) today announced that its Gulf Crossing Pipeline Company LLC subsidiary (Gulf Crossing) has completed remediation of the pipe anomalies on its system and has been authorized by the Pipeline and Hazardous Materials Safety Administration (PHMSA) to operate the pipeline at normal operating pressures of up to 72% of the Specified Minimum Yield Strength (SMYS), effective immediately. Anticipated peak-day delivery capacity for Gulf Crossing in July is estimated at approximately 1.3 Bcf per day. Boardwalk plans to increase the peak-day delivery capacity of the Gulf Crossing pipeline to 1.4 Bcf per day, subject to receiving a special permit from PHMSA to increase operating pressures up to 80% SMYS. Rolf Gafvert, Chief Executive Officer for Boardwalk Pipeline Partners, LP, said, “We have made significant progress on Gulf Crossing and continue to work very closely and cooperatively with PHMSA in order to obtain the authority to operate all of our major pipeline projects at higher operating pressures.” He stated further that “Remediation and testing procedures are continuing on all of our major projects and PHMSA retains discretion on granting additional approvals.”

Boardwalk also announced that the Federal Energy Regulatory Commission has granted Gulf Crossing authority to expand its Mira Compressor Station in Caddo Parish, Louisiana to increase peak-day delivery capacity to 1.7 Bcf per day in 2010, subject to approval by PHMSA.

Gulf Crossing consists of approximately 357 miles of 42-inch pipeline originating near Sherman, Texas and proceeding to the Perryville, Louisiana area.

Boardwalk Pipeline Partners, LP, is a limited partnership engaged, through its subsidiaries, Gulf Crossing Pipeline Company LLC, Gulf South Pipeline Company, LP, and Texas Gas Transmission, LLC, in the interstate transportation and storage of natural gas. Boardwalk’s interstate natural gas pipeline systems have approximately 14,200 miles of pipeline and underground storage fields having aggregate working gas capacity of approximately 160 Bcf.

This press release contains forward-looking statements relating to expectations, plans or prospects for Boardwalk Pipeline Partners, LP and its subsidiaries. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties, including those related to remediation of pipeline anomalies, the impact of the anomalies on Boardwalk’s business and financial results, and future approvals or authorizations from PHMSA to operate Boardwalk’s expansion pipelines at higher operating pressures, that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties as well as other information related to our expansion pipelines are discussed in Boardwalk's filings with the U.S. Securities and Exchange Commission.

Source: Boardwalk Pipeline Partners, LP

Boardwalk Pipeline Partners, LP
Jamie Buskill, 713-479-8082
Senior VP, Chief Financial Officer and Treasurer
or
Allison McLean, 866-913-2122
Director of Investor Relations