SOURCE: Niska Gas Storage Partners LLC

January 04, 2011 17:30 ET

Niska Gas Storage Partners LLC Announces New Chief Financial Officer

HOUSTON, TX--(Marketwire - January 4, 2011) - Niska Gas Storage Partners LLC. (NYSE: NKA) today announced the appointment of Vance E. Powers as Chief Financial Officer, effective January 1, 2011. Mr. Powers succeeds Darin T. Olson, who continues as Vice President, Finance. 

Mr. Powers has served Niska as a Finance Management Consultant since April 2010, assisting in the completion of Niska's Initial Public Offering ("IPO"), its transition to a publicly-traded Master Limited Partnership and its establishment of an investor relations function. Prior to joining Niska, he served as Vice President, Finance and Controller of Buckeye Partners, L.P. (NYSE: BPL), one of the largest refined petroleum products pipeline and terminal companies in the United States, from 2002 to May 2009. He also served Buckeye as Acting Chief Financial Officer from July 2007 until November 2008. He held similar positions with Buckeye's general partner, Buckeye GP Holdings L.P., and participated in that company's IPO in August 2006.

"We are pleased to welcome Vance as part of Niska's leadership team," said Dave Pope, President and CEO of Niska, "Vance's experience with new and growing companies and his familiarity with the MLP structure complements our existing finance and management team and positions us for further growth in the natural gas storage industry. I look forward to working with Vance in our team's efforts to grow Niska and reward our investors."

About Niska

Niska is the largest independent owner and operator of natural gas storage in North America, with strategically located assets in key natural gas producing and consuming regions. Niska owns and operates three facilities, including the AECO Hub™ in Alberta, Canada; Wild Goose in Northern California; and Salt Plains in Oklahoma. Niska also contracts for gas storage capacity on the Natural Gas Pipeline Company of America system. In total, Niska owns or contracts for approximately 198.5 Bcf of gas storage capacity.

Contact Information

  • Niska Gas Storage Partners LLC
    Investor Relations:
    Vance Powers or Brandon Tran
    403-513-8600