Veresen Reaches Major Milestone on Jordan Cove Energy Project with Filing of Formal FERC Application

Veresen Reaches Major Milestone on Jordan Cove Energy Project with Filing of 
Formal FERC Application 
CALGARY, May 22, 2013 /CNW/ - Veresen Inc. ("Veresen" or the "Company") (TSX: 
VSN) is pleased to announce today that Jordan Cove Energy Project L.P. has 
filed an application with the United States Federal Energy Regulatory 
Commission ("FERC") to construct and operate a liquefied natural gas ("LNG") 
export facility ("Jordan Cove") on the west coast of the United States within 
the international Port of Coos Bay, Oregon. 
Filing of the FERC application follows more than a year of engineering and 
design activities, public consultation, and working closely with the FERC to 
ensure a completed application. Receiving a certificate to allow the 
construction and operation of the Jordan Cove LNG facility is expected to take 
approximately one year from the date of filing. 
"I am very encouraged by the progress we have made on Jordan Cove over the 
last several months," said Don Althoff, President and Chief Executive Officer. 
"Our advanced regulatory position and recent acquisition of all required 
project development lands has us well-positioned to enter into a commercial 
off-take arrangement. We continue to evaluate all opportunities with potential 
capacity holders." 
The proposed Jordan Cove project, which has an initial liquefaction design 
capacity of 6 million tons per annum, or approximately 1 billion cubic feet 
per day, would meet growing demand for LNG by providing direct access to 
natural gas reserves in Western Canada and the U.S. Rockies primarily through 
existing pipeline and gas gathering networks. Jordan Cove's location provides 
a low cost shipping benefit for exporting LNG to energy consuming markets 
throughout Asia, South America, Hawaii and Alaska. 
An application by Pacific Connector Gas Pipeline, L.P. to construct a 
234-mile, 36-inch diameter pipeline will be submitted to FERC in the following 
weeks. The Pacific Connector Gas Pipeline will extend from the liquid 
trading hub of Malin, Oregon to the Jordan Cove terminal and the South Dunes 
Power Plant facilities ("South Dunes"). The South Dunes power facility, 
wholly-owned by Veresen, is a proposed natural gas fueled, combined-cycle 
power plant with a base-load capacity of 420 MW. Dedicated to the operation 
of Jordan Cove, and sited adjacent to the LNG facility, South Dunes is being 
permitted with the Oregon Energy Facility Siting Council. 
Jordan Cove Energy Project L.P. is a subsidiary of Veresen Inc., and Pacific 
Connector Gas Pipeline, L.P. is a limited partnership owned equally by Veresen 
and a subsidiary of The Williams Companies, Inc. 
About Veresen Inc. 
Veresen is a publicly-traded dividend paying corporation based in Calgary, 
Alberta, that owns and operates energy infrastructure assets across North 
America. Veresen is engaged in three principal businesses: a pipeline 
transportation business comprised of interests in two pipeline systems, the 
Alliance Pipeline and the Alberta Ethane Gathering System; a midstream 
business which includes ownership interests in a world-class natural gas 
liquids extraction facility near Chicago, the Hythe/Steeprock complex, and 
other natural gas and NGL processing energy infrastructure; and a power 
business with renewable and gas-fired facilities and development projects in 
Canada and the United States, and district energy systems in Ontario and 
Prince Edward Island. Veresen and each of its pipeline, midstream and power 
businesses are also actively developing a number of greenfield projects. In 
the normal course of its business, Veresen and each of its businesses 
regularly evaluate and pursue acquisition and development opportunities. 
Veresen's common shares, Series A Preferred Shares and 5.75% convertible 
unsecured subordinated debentures, Series C due July 31, 2017 are listed on 
the Toronto Stock Exchange under the symbols "VSN", "VSN.PR.A" and VSN.DB.C", 
respectively. For further information, please visit 
Forward-looking Information 
Certain information contained herein relating to, but not limited to, Veresen 
and its businesses and the offering of the notes, constitutes forward-looking 
information under applicable securities laws. All statements, other than 
statements of historical fact, which address activities, events or 
developments that Veresen expects or anticipates may or will occur in the 
future, are forward-looking information. Forward-looking information typically 
contains statements with words such as "may", "estimate", "anticipate", 
"believe", "expect", "plan", "intend", "target", "project", "forecast" or 
similar words suggesting future outcomes or outlook. Forward-looking 
statements in this news release include, but are not limited to, the timing 
of, and our ability to successfully obtain regulatory approvals for, the 
construction and operation of the Jordan Cove LNG facility, the Pacific 
Connector Gas Pipeline and the South Dunes power facility. Readers are also 
cautioned that such additional information is not exhaustive. The impact of 
any one risk, uncertainty or factor on a particular forward-looking statement 
is not determinable with certainty as these factors are independent and 
management's future course of action would depend on its assessment of all 
information at that time. Although Veresen believes that the expectations 
conveyed by the forward-looking information are reasonable based on 
information available on the date of preparation, no assurances can be given 
as to future results, levels of activity and achievements. Undue reliance 
should not be placed on the information contained herein, as actual results 
achieved will vary from the information provided herein and the variations may 
be material. Veresen makes no representation that actual results achieved will 
be the same in whole or in part as those set out in the forward-looking 
information. Furthermore, the forward-looking statements contained herein are 
made as of the date hereof, and Veresen does not undertake any obligation to 
update publicly or to revise any forward-looking information, whether as a 
result of new information, future events or otherwise, except as required by 
applicable laws. Any forward-looking information contained herein is expressly 
qualified by this cautionary statement. 
Dorreen Miller Director, Investor Relations Phone: (403) 213-3633 
SOURCE: Veresen Inc. 
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CO: Veresen Inc.
ST: Alberta
-0- May/22/2013 13:00 GMT
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