Standard & Poor’s Ratings Services last Friday affirmed the “BB+” corporate credit rating of Spokane, WA-based Avista Corp, citing the stability of the company’s utility operations as the primary reason. The outlook is stable, and both the rating and outlook also take into account Avista’s higher-risk energy trading and other nonutility operations, S&P said.
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District Court Affirms Commerce Department Decision Blocking Millennium Pipe Project
In denying a summary judgement motion of the proposed Millennium Pipeline, a federal court in Washington, DC Friday affirmed a 2003 ruling by the Commerce Department that cleared the way for New York State to block the construction of the 700 MMcf/d pipeline project from Lake Erie to New York City.
April 3, 2006
NGI The Weekly Gas Market Report
FERC Doesn’t Budge on Jurisdictional Claim for Unocal’s Jupiter Offshore Facilities
FERC on rehearing has affirmed its earlier determination that the offshore natural gas pipeline facilities owned and operated by Unocal’s Jupiter Energy Corp. are transmission in nature, not gathering, and thus are subject to agency jurisdiction.
November 7, 2005
FERC Won’t Budge on Jurisdictional Claim for Unocal’s Jupiter Offshore Facilities
FERC on rehearing has affirmed its earlier determination that the offshore natural gas pipeline facilities owned and operated by Unocal’s Jupiter Energy Corp. are transmission in nature, not gathering, and thus are subject to agency jurisdiction.
November 1, 2005
FERC Resolves Dispute Between Tennessee, Columbia Gulf Over Interconnect
FERC on Monday affirmed an administrative law judge (ALJ) ruling that clears the way for Tennessee Gas Pipeline to build an interconnect to the Columbia Gulf Transmission-operated portion of a transportation system along the coast of Louisiana that the two pipelines jointly maintain and operate.
July 28, 2005
S&P Raises El Paso’s Credit Outlook to ‘Stable’
Standard & Poor’s Ratings Service (S&P) on Tuesday affirmed El Paso Corp.’s “B-” credit rating and revised the outlook to “stable” from “negative” to reflect the company’s progress to restructure and improve liquidity.
March 7, 2005
S&P Raises El Paso’s Credit Outlook to ‘Stable’
Standard & Poor’s Ratings Service (S&P) on Tuesday affirmed El Paso Corp.’s “B-” credit rating and revised the outlook to “stable” from “negative” to reflect the company’s progress to restructure and improve liquidity.
March 3, 2005
Moody’s Says El Paso Acquisitions May Prove Important to Turnaround
Following its announcement to buy two Texas properties on Monday (see Daily GPI, Feb. 1), Moody’s Investors Service analysts affirmed the stable rating outlook of El Paso Corp.’s production holding unit, pending a review of the company’s 4Q2004 and year-end 2004 results.
February 2, 2005
Court Upholds FERC’s Order of CD Conversion on El Paso Pipeline
A federal appeals court in Washington, DC, has affirmed FERC’s decision ordering the system-wide conversion of full-requirements (FR) service on the El Paso Natural Gas pipeline to cost-based contract demand (CD) service to remove long-standing capacity constraints in the Southwest.
January 10, 2005
Court Upholds FERC’s Order of CD Conversion on El Paso Pipeline
A federal appeals court in Washington, DC, has affirmed FERC’s decision ordering the system-wide conversion of full-requirements (FR) service on the El Paso Natural Gas pipeline to cost-based contract demand (CD) service to remove long-standing capacity constraints in the Southwest.
January 3, 2005
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