764044--3/17/2008--QUESTAR_PIPELINE_CO

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{operation, natural, condition}
{regulation, change, law}
{capital, credit, financial}
Investors should read carefully the following factors as well as the cautionary statements referred to in Forward-Looking Statements herein. The risks and uncertainties described below or elsewhere in this Annual Report could have a material adverse effect on the Company s business, financial condition and / or results of operations. Risks Inherent in the Company s Business Transportation and storage operations involve numerous operational and other risks. Questar Pipeline depends on bank credit facilities managed by Questar and continued access to capital markets to successfully execute its operating strategies . FERC regulates interstate transportation of natural gas. Questar Pipeline is subject to complex regulations on many levels Questar Pipeline may be exposed to certain regulatory and financial risks related to climate change General economic and other conditions impact Questar Pipeline s results

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