Yes on the location. Yes, it's pretty easy. And, yes, you do need to worry about pressure in the line.
It's been a while since I've done it, so I can't remember exactly, but I think it's simply a matter of pulling a fuse while the engine is running. Fuel pump shuts off, pressure in line goes down, engine quits.
I don't have time to look it up right now, but if nobody else gives you a proper answer, I'll post later this afternoon.