Enable Midstream: pipeline partnership formed by Enogex and CenterPoint Energy

The pipeline partnership between OGE Energy Corp.'s Enogex LLC and Houston-based CenterPoint Energy Inc. finally has a name: Enable Midstream Partners LP.

The companies unveiled the name on Wednesday 31st July, along with some senior leadership appointments, although a Chief Executive has not been named.

“This is an important next step towards operating as an integrated and united company,” OGE Energy CEO Pete Delaney said.

Pipeline partnership

“While we continue to work toward completing our leadership team, the focus today is on establishing the senior operations leadership so that we can work toward serving customers, growing the partnership and living up to our Enable Midstream expectations.”

Enable's new logo, with intersecting blue and green lines, reflects the union of OGE Energy and CenterPoint as they combine strategically located assets serving some of the USA’s most productive energy plays.

“We chose the name Enable Midstream Partners because it captures the rich heritages of CenterPoint and OGE, reinforces our customer focus and reflects the strength of our employee base,” CenterPoint CEO David M. McClanahan said.

Merging midstream pipeline assets

The partnership, which became official on 1st May 2013, merges Enogex's midstream assets and the pipelines and field services of CenterPoint. It will be a US$ 11 billion company with more than 10 000 miles of pipelines.

Enable, which has about 1700 employees, will maintain offices in Oklahoma City and Houston, but its executive management team is expected to be based in Oklahoma City.

OGE Energy spokesman Brian Alford said creation of the new firm was not meant to centralise operations or move teams around.

Enable has personnel in Oklahoma City, Houston, Tulsa and Shreveport, La.“We do not expect that to change,” Alford said. “Any relocations should be minimal.”

Alford also said he expects Enable's Oklahoma City offices to remain at Leadership Square, where Enogex has a long-term lease in place.

Former Enogex President Keith Mitchell was the highest ranking Enable Midstream executive among the nine announced Wednesday. He will serve as the new firm's Chief Operating Officer.

Mitchell is one of four ex-Enogex executives making the switch to Enable Midstream. The others came from CenterPoint.

CenterPoint holds a 58.3% limited partner interest in Enable Midstream, with OGE Energy at 28.5% and Boston-based ArcLight Capital Partners LLC at 13.2%.

An initial public offering of partnership units is expected within the next year.

Edited from various sources by Elizabeth Corner

Published on 01/08/2013

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