Loews Corporation

Boardwalk Pipeline Partners, LP

Boardwalk Pipeline Partners, LP is a master limited partnership (“MLP”), engaged through its subsidiaries in the interstate transportation and storage of natural gas. Together, Boardwalk's existing assets and pipeline expansion projects create a strategically interconnected grid of natural gas pipeline and storage assets that give customers flexibility in accessing diverse supplies of gas in the Mid-Continent and Gulf Coast and connecting to other interstate pipelines that reach the Northeast, Midwest, and Southeast.

Boardwalk has three principal subsidiaries:

Gulf South Pipeline, a “web-like” system that gathers gas from basins between Texas and Alabama and delivers it to on-system markets within its footprint and to off-system markets in the Northeast and Southeast through interconnections with third-party pipelines.

Texas Gas Transmission , a traditional long-haul pipeline that moves gas from Gulf Coast supply areas to more distant on-system markets in the Midwest and to off-system markets in the Northeast via interconnections with third-party pipelines.

Gulf Crossing Pipeline Company LLC, Boardwalk’s third subsidiary, was formed to operate the new Gulf Crossing interstate pipeline, which is scheduled for completion in the first quarter of 2009.

Boardwalk's system has approximately 13,660 miles of pipeline, carrying an average of 3.6 billion cubic feet (Bcf) of gas per day, and underground storage fields with aggregate working gas capacity of approximately 155 Bcf. These pipelines carry approximately 6% of the nation’s average daily consumption of natural gas.

www.bwpmlp.com