El Paso Corp. on Thursday announced that it has placed its Ruby Pipeline in
service. Ruby is a 680-mile, 42-inch interstate natural gas pipeline,
providing transportation service from Opal, Wyoming, to
interconnections near Malin, Oregon. Ruby is the first interstate
natural gas pipeline to achieve carbon neutrality in its construction
"Ruby is across the finish line, completing more than
three-and-a-half years of stakeholder outreach and construction,"
said Jim Cleary, president of El Paso's Western Pipelines. "During
its construction, Ruby generated thousands of jobs and provided
significant revenues for local communities as well as county and
state governments. Going forward, it will continue to deliver
long-term economic and environmental benefits, by providing
clean-burning natural gas supplies from the major Rocky Mountain
basins to consumers in California, Nevada, and the Pacific Northwest.
Ruby is another demonstration of El Paso's commitment to build
critical natural gas transportation infrastructure to meet the
nation's energy needs."
El Paso expects that within the next 60 to 90 days, it will meet the
requirements contained in Ruby's project financing agreements such
that the approximately $1.5 billion of Ruby debt will become
non-recourse to El Paso.
Global Infrastructure Partners (GIP) has invested $700 million in the
Ruby project. Upon satisfaction of various closing conditions, GIP
will increase its equity interest in the project to 50 percent.