Questar Files 8-K Report to Reflect FERC's Order of Refunds
Questar Pipeline Co., a subsidiary of Questar Corp., last Wednesday filed an 8-K report with the Securities and Exchange Commission to reflect a FERC order that it refund $3.8 million to transmission customers.
The refund stems from the sales of liquids at Questar Pipeline's Kastler Station dew-point plant in northern Utah, the Salt Lake City-based company said. The pipeline noted that it plans to ask FERC to clarify and rehear the issue.
The refund will reduce Questar's 2004 earnings by approximately $2.4 million after tax, it estimated. Nevertheless, Questar Corp. reaffirmed its previous projection of $2.55 to $2.65 per share for 2004 earnings.
Questar is involved in a full range of gas businesses, including oil and gas production, gathering, processing and marketing, storage, interstate pipelines and retail gas distribution.
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