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Jordan Cove Files Milestone Application to the Federal Energy Regulatory Commission

  Jordan Cove Files Milestone Application to the Federal Energy Regulatory
  Commission

Business Wire

COOS BAY, Ore. -- May 22, 2013

The Jordan Cove Energy Project announced it has filed applications to the
Federal Energy Regulatory Commission (FERC) to construct and operate a
liquefied natural gas (LNG) export facility on the North Spit of the
International Port of Coos Bay. The application initiates a thorough
independent review of project engineering, impacts, mitigations and benefits
according to regulations set forth under the National Environmental Protection
Act of 1970 (NEPA). As lead agency, the FERC will compile data and publish a
Draft Environmental Impact Statement (DEIS) for public comment and
consideration later this year.

“This is a major milestone for Jordan Cove as we continue to move through the
public permitting process,” said Elliot Trepper, President of Jordan Cove.

The public permitting process allows for public comment prior to a final
decision, and more than 10 public agencies will evaluate specific aspects of
the project.

Jordan Cove has received all local land use approvals necessary for the
project, and is now seeking construction, operation and export permits from
the FERC and the U.S. Department of Energy. Following receipt of all
approvals, construction of the export facility and supporting power plant is
anticipated to span 42 months with an average workforce of 900 and a peak
workforce of approximately 2,000. As the single largest private investment in
Oregon to date, tax revenue and infrastructure improvements associated with
Jordan Cove will bring economic growth to a region that has seen more than 20
years of high unemployment.

“Jordan Cove will enhance the Port of Coos Bay and Southern Oregon’s
infrastructure, helping our region attract new business and create new jobs,”
commented State Senator Arnie Roblan. “The redevelopment and modernization of
the Port of Coos Bay’s facilities will provide cornerstone enhancements to
attract new industrial economic development on the North Spit in Coos Bay.”

About Jordan Cove Energy Project, L.P.

Jordan Cove Energy Project, L.P. is a subsidiary of Veresen Inc., a
diversified energy infrastructure company that owns and operates assets across
North America. The project consists of a natural gas liquefaction and export
facility and an adjacent 420 MW power generation plant dedicated to the export
facility.

Contact:

Jordan Cove Energy Project, L.P.
Michael Hinrichs, 503-432-8153
 
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