Lehigh Gas Partners LP Assesses Impact of Hurricane Sandy
ALLENTOWN, PA (November 5, 2012) - Lehigh Gas Partners LP (NYSE:LGP) announced today the impact of Hurricane Sandy which affected the Northeast early last week. In the aftermath of the storm, Lehigh Gas Partners has had access to fuel supply from its branded suppliers to keep its network operating. On occasion, increased demand has outpaced the ability of third-party carriers to deliver motor fuel timely, resulting in intermittent service interruptions at certain New Jersey sites supplied by the company.
"Our primary goal was to serve our customers safely," Joe Topper, CEO of Lehigh Gas Partners, said. Topper added, "Our branded suppliers have been very responsive in helping us meet our customers' fuel needs."
In the initial period after the storm, approximately 90 sites supplied by Lehigh Gas Partners lost electrical power and were not operating. At present, fewer than 20 sites supplied by the company remain without electrical power.
"We are grateful that no company employees or dealer operators of our sites were injured during the storm," Topper said. He also noted that only two sites experienced property damage which resulted in minimal damage and no fuel service disruption.
Lehigh Gas Partners is working closely with the New Jersey Department of Economic Development and its branded fuel partners to secure generators that will restore power to downed sites located in the state.
"We have put our team on this," Topper said. "Our team's early preparedness and quick on-the-ground effort has been a key factor in getting stations up-and-running so we can meet the fuel needs of our customers."
About Lehigh Gas Partners
Lehigh Gas Partners, headquartered in Allentown, PA, was formed to engage in the wholesale distribution of motor fuels and to own and lease real estate used in the retail distribution of motor fuels. Lehigh Gas Partners owns and leases sites located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire and Maine.
Forward-Looking Statements
This news release contains "forward-looking statements," such as statements regarding the anticipated impact of Hurricane Sandy and its aftermath, our ability to continue operation of our sites, to reopen or restore electrical power to closed sites timely and to deliver motor fuel to sites we supply, costs we may incur to repair damage to sites and excess costs we may incur to operate under current conditions,. These forward-looking statements are based on current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially. For a full discussion of these risks and uncertainties, please refer to the "Risk Factors" section of the Registration Statement on Form S-1 initially filed by Lehigh Gas Partners LP on May 11, 2012 and the information included in subsequent amendments and other filings, as well as risks relating to the availability of electrical power to enable operation of our sites, the availability of motor fuel on favorable terms, or at all, to supply our sites and other customers. These forward-looking statements are based on and include our expectations as of the date hereof. Subsequent events and market developments could cause our expectations to change. While we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if new information becomes available, except as may be required by applicable law.
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CONTACT:
Pete Waldron
Vice President, Public Affairs, Corporate Communications & Philanthropy
Lehigh Gas Partners
(610) 625-8073
pwaldron@lehighgas.com