DCP Midstream Announces Appointment of New Directors to DCP Midstream and to Its General Partner
March 02 2017 - 7:30AM
DCP Midstream, LP (NYSE:DCP) today announced that in connection
with the completion of the combination of Enbridge Inc. (TSX:ENB)
(NYSE:ENB) (Enbridge) and Spectra Energy Corp. on February 27,
2017, the following changes were made to the Boards of Directors of
DCP’s general partner, DCP Midstream GP, LLC (the General Partner)
and to DCP Midstream, LLC, the owner of the General Partner.
Al Monaco, President and Chief Executive Officer of Enbridge,
and Bill Yardley, Executive Vice President and President, Gas
Transmission and Midstream of Enbridge, will assume the roles of
directors of DCP Midstream, LLC. Greg Ebel and Pat Reddy have
resigned from their roles as directors of DCP Midstream, LLC.
Vern Yu, Enbridge Executive Vice President and Chief Development
Officer has been appointed to the Board of Directors of the General
Partner of DCP as a representative of Enbridge and Guy Buckley has
resigned from his role as a member of the Board of Directors of the
General Partner.
“I’d like to welcome Al, Bill, and Vern to our boards. We are
looking forward to their leadership and contributions. I also want
to thank Greg, Pat and Guy for their support of DCP in our
evolution to become the largest natural gas processor and NGL
producer in the country. These leaders have been steadfast
advocates of our DCP 2020 strategy as we continue to successfully
execute on our commitments," said Wouter van Kempen, Chairman,
President and Chief Executive Officer of DCP.
MEDIA
RELATIONS: |
Roz
Elliott |
Phone: |
303-605-1707 |
INVESTOR
RELATIONS: |
Andrea
Attel |
Phone: |
303-605-1741 |
ABOUT DCP MIDSTREAM, LPDCP Midstream, LP
(NYSE:DCP) is a midstream master limited partnership, with a
diversified portfolio of assets, engaged in the business of
gathering, compressing, treating, processing, transporting, storing
and selling natural gas; producing, fractionating, transporting,
storing and selling NGLs and recovering and selling condensate. DCP
owns and operates more than 60 plants and 64,000 miles of natural
gas and natural gas liquids pipelines, with operations in 17 states
across major producing regions and leads the midstream segment as
the largest natural gas liquids producer, the largest natural gas
processor and one of the largest marketers in the U.S. Denver,
Colorado based DCP is managed by its general partner, DCP Midstream
GP, LP, which is managed by its general partner, DCP Midstream GP,
LLC, which is 100% owned by DCP Midstream, LLC. DCP Midstream, LLC
is a joint venture between Phillips 66 and Enbridge. For more
information, visit the DCP Midstream, LP website at
www.dcpmidstream.com.
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