Northern Border Partners LP reported a 15% increase in earningsper unit. Earnings improvement from the first half of 1997 wasattributed mainly to return on equity from investment in theChicago Project, an $839 million expansion and extension of theNorthern Border Pipeline system.
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Multiple Forces Squeeze New York Basis
The recent tightening of Henry Hub-New York basis can beattributed to a number of factors: the large amounts of capacitybeing turned back to the pipelines, high inventory levels,competitive residual fuel oil prices and new liquefied natural gasprojects, according to a prominent energy trader.
May 15, 1998
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