HISTORY

Gulf South Pipeline Company, LP

Gulf South was created in the 1930’s when five major groups, representing more than 40 power, fuel and utility companies, merged to form a holding company named the United Gas Corporation.  In 1937, the corporation was restructured and condensed into three basic divisions:  production, transmission and distribution.  The transmission division was christened United Gas Pipe Line Company.  On January 19, 1940, United Gas Pipe Line became the first pipeline company to handle one billion cubic feet of natural gas in one day and on July 6, 1949, United Gas Corporation was listed on the New York Stock Exchange.  In 1951, the company started its largest expansion program to date with the construction of 840 miles of 30-inch pipeline. In 1953, it began construction on the nation’s second largest storage project, the Bistineau Field in Northwest Louisiana.

Over the years, United Gas Pipeline was acquired by a number of companies:  Pennzoil (1965), MidCon Corporation (1986), LaSalle Energy Corporation (1987) and Koch Industries, Inc. (1992).  In August 1993, United Gas was renamed Koch Gateway Pipeline, and in 2001, Koch contributed Koch Gateway Pipeline to a joint venture with Entergy Corporation, re-christening the pipeline as Gulf South Pipeline Company.  On December 29, 2004, Loews Corporation purchased Gulf South Pipeline.

Boardwalk Pipeline Partners, LP

In December 2004, Loews Corporation (NYSE: L) bought Gulf South.  A year earlier, Loews had acquired another interstate pipeline called Texas Gas Transmission, LLC.  Loews placed Gulf South and Texas Gas into a new entity called Boardwalk Pipeline Partners, LP which went public on November 15, 2005.  Boardwalk’s common units are traded under the symbol “BWP” on the New York Stock Exchange (NYSE).