FERC said it has received an application from four subsidiaries of KKR Financial Holdings LLC to acquire, operate and maintain the Index 301 Pipeline from Gulf South Pipeline LP [Docket No. CP14-51-000]. The Federal Energy Regulatory Commission (FERC) also said KKR requested a Part 157, Subpart F blanket certificate. According to FERC, the 5.917-mile 16-inch diameter pipeline traverses Mississippi's Simpson and Smith counties. The agency has 90 days to complete an environmental assessment or issue a notice of schedule for environmental review for the request.

California utility regulators are exploring benchmarking practices with the National Aeronautics and Space Administration (NASA) and are hosting an executive from the federal space program Feb. 13. to outline NASA's safety reporting systems. NASA's Linda Connell, aviation safety reporting system director, will outline the NASA reporting systems that are used in several industries to help prevent accidents and improve safety.

Magnolia LNG LLC, a unit of Australia's Liquefied Natural Gas Ltd., has struck a memorandum of understanding with SK Engineering and Construction Co. Ltd. and its SK E&C USA Inc. for engineering, procurement and constructions services for the 8 million tonne per annum Magnolia LNG Project in Lake Charles, LA (see Daily GPI, Jan. 29). The initial estimate of the capital cost for the project is $1.57 billion, according to SK, which is consistent with Magnolia's estimate, it said.