STEER and Rio Grande Valley Leaders Endorse Annova LNG

South Texas Economic & Energy Roundtable Join Rio Grande Valley Business Leaders to Endorse Annova LNG Brownsville Project

BROWNSVILLE, TX (AUGUST 11, 2015) — The South Texas Economic & Energy Roundtable (STEER) joined Rio Grande Valley business leaders to announce their support for the Annova LNG Brownsville Project today. Exelon Generation is the majority owner of the Annova LNG Brownsville Project.

“The Annova LNG Brownsville Project will help secure the Rio Grande Valley’s position as a leader in the global energy market. It will attract a skilled workforce seeking high-paying jobs to Brownsville, add much needed infrastructure to the area, and simultaneously protect the environment,” said Omar Garcia, South Texas Energy & Economic Roundtable president.

“We are honored to receive the support of the business community of the Rio Grande Valley. We look forward to working with them to bring jobs and more opportunity to the area,” said David Chung, Annova LNG president. “If we move forward, the project will provide a significant economic boost to the region and will be a transformative project for the Port of Brownsville, while being designed with a footprint that minimizes impacts and meets rigorous safety standards.”

STEER, Brownsville Economic Development Council, United Brownsville, the South Padre Island Chamber of Commerce, Rio Grande Valley Partnership, Harlingen Chamber of Commerce and the Los Fresnos Chamber of Commerce called upon their members to support the Annova LNG Brownsville Project, which could bring hundreds of good-paying jobs to the area.

“The Brownsville Economic Development Council is proud to support all of the LNG projects.We look forward to working with Annova LNG to bring great-paying jobs and much-needed infrastructure developments to the Port of Brownsville,” said Tony Cappella, Brownsville Economic Development Council board chairman.

“The Annova LNG Brownsville Project will diversify the Rio Grande Valley’s economy and secure our place as an energy hub in South Texas.This is a project Brownsville can be proud of,” said Mike Gonzalez, United Brownsville Executive Director.

“The entire Rio Grande Valley will see great benefits from the Annova LNG Brownsville Project, from contractors and construction workers to even shop and restaurant owners who could see an uptick in business thanks to a community with access to good paying jobs,” said Julian Alvarez, Rio Grande Valley Partnership president.

“South Padre Island has prospered over the years as the Port of Brownsville has developed alongside our community. Exelon and Annova LNG have a strong track record of community involvement and environmental stewardship and we look forward to seeing those same values brought to the Rio Grande Valley,” said Roxanne Guenzel, South Padre Island Chamber of Commerce president/CEO.

“As one of Brownsville’s neighboring communities, Los Fresnos residents will see great economic benefits from good paying jobs coming to the area,” said Val Champion, Los Fresnos Chamber of Commerce executive director.

“Annova LNG will be a much needed economic boost for all of the Rio Grande Valley. We are pleased to see that Annova LNG has been committed to working with our community and institutions of higher learning to help the Rio Grande Valley prosper,” said Chris Gonzales, Harlingen Chamber of Commerce president.

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.

Liquefied natural gas, or LNG, is natural gas that has been cooled until it becomes a liquid, making it easier and more efficient to store and ship.

The project requires 26 federal, state and local permits and licenses, including approvals from the Federal Energy Regulatory Commission, U.S. Department of Energy, U.S. Army Corps of Engineers, and the U.S. Fish and Wildlife Service, as well as various construction-related permits. Since its resurgence in the 1960s, LNG operators have amassed 60 years of transportation and operational experience worldwide with little, or no impact on the general public.