Exelon Generation and Annova LNG to Hold Open House

KENNETT SQUARE, PA (APRIL 11, 2015) — Houston-based Annova LNG and Exelon Generation will hold an informational community open house on Tuesday, April 21, 2015, from 4:00 to 7:00 p.m. at the Brownsville Events Center.

The open house is designed to inform and update residents on the proposed Annova LNG Brownsville Project and liquefied natural gas. On hand to talk one-on-one with interested residents will be technical experts from Annova, Exelon, the energy industry, plus academics and other officials. They will use interpretive displays to discuss topics including safety, economic benefits, environment and the job opportunities the facility could provide if built. The event will feature refreshments, door prizes, a kid's area and a movie screening showing informative LNG videos.

"LNG operators have amassed 60 years of safe transportation and operational experience worldwide with little or no impact to the general public," said Annova President David Chung, who also serves as vice president, LNG, for Exelon Generation. "Annova LNG and Exelon Generation are committed to a consistent, long-term relationship with the community that emphasizes clear facts and inclusiveness throughout the life of this potential facility. This open house will be a great first step in building that relationship."

The Annova LNG Brownsville Project is contingent upon Annova successfully obtaining all necessary local, state and federal permits; acquisition of sufficient long-term customer commitments to buy liquefied natural gas from the facility; and broad public support of the project in South Texas. A decision whether to build the facility is expected by the end of 2017.

Construction of the project would support an average of 675 on-site jobs over a four-year period, which translates to approximately $324 million in direct labor income for Texans, according to an Ernst & Young economic analysis completed in February 2015. Once operational, the facility would employ about 165 workers at an average salary of about $70,000 a year.

If built, the LNG terminal would sit beside the Brownsville Ship Channel on 650 acres designated by the Port of Brownsville for industrial use. The proposed site is about eight miles from the Gulf of Mexico in Cameron County, Texas. The facility would be operational by 2020.

The proposed site could accommodate three stages of development, with each capable of producing two million tons of LNG a year for at least six million tons annually when complete.