OKLAHOMA CITY - December 16, 2013 - The board of directors of Enable Midstream Partners, LP, today announced that John Laws has been named treasurer of the company.
Laws will report directly to the chief financial officer (CFO) yet to be named for the joint venture, which closed on May 1, 2013. He previously served as vice president of planning and development at Enogex after joining in 2011 as managing director of finance. Prior to that position, Laws served as director of corporate development at OGE Energy Corp. He has more than 14 years of experience in corporate finance, acquisitions, investment management and strategic planning with OGE, Enogex, Hunt Private Equity Group, and Arthur Andersen LLP. He earned an MBA from the University of Texas at Austin and a bachelor’s degree in business administration from the University of Oklahoma.
“John has the experience we need to advise the business on investments and to secure funding,” said Sean Trauschke, Enable Midstream board member and OGE Energy vice president and CFO, as well as president and CFO of OG&E. “He can balance the appropriate level of risk with the opportunities for growth.”
“I am very pleased that John has accepted this important leadership role for Enable Midstream. His financial experience and demonstrated leadership skills will be very important as Enable Midstream becomes a public MLP and executes a financing plan in support of their growth strategy,” said Gary L. Whitlock, Enable Midstream board member and executive vice president and CFO of CenterPoint Energy.
Enable Midstream Partners is a joint venture that includes CenterPoint Energy, Inc. (NYSE: CNP) interstate pipelines and field services businesses and the midstream business of Enogex LLC, a previous subsidiary of OGE Energy Corp. (NYSE: OGE). It is managed by a general partner whose governance is shared by CenterPoint Energy and OGE on a 50/50 basis.
Enable Midstream owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable Midstream’s initial assets include approximately 11,000 miles of gathering pipelines, 11 major processing plants with approximately 1.9 billion cubic feet per day of processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC), approximately 2,300 miles of intrastate pipelines and eight storage facilities comprising 86.5 billion cubic feet of storage capacity. More information can be found at EnableMidstream.com.
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and competitive natural gas sales and services operations. CenterPoint Energy owns a 58.3 percent limited partner interest in Enable Midstream and a 50 percent management interest in the general partner of Enable Midstream.
OGE Energy Corp. is the parent company of Oklahoma Gas & Electric, a regulated electric utility with approximately 805,000 customers in Oklahoma and western Arkansas. OGE Energy owns a 28.5 percent limited partner interest in Enable Midstream and a 50 percent management interest in the general partner of Enable Midstream.