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FERC has approved Transcontinental Gas Pipe Line’s request to amend its certificate to build an expansion that would create 165 MMcf/d of new firm transportation capacity to serve markets in the greater Washington, DC, and Baltimore metropolitan areas.

British Petroleum and Amoco Corp. have found a way to avoid therecent downward spiral of energy stock prices while boosting theirreserves and production during a tough time in the oil patch. Thetwo companies announced one of the largest ever industrial mergersyesterday, creating North America’s biggest oil and gas producerand the third largest petroleum company in the world behind RoyalDutch Shell and Exxon. The deal is expected to be complete by yearsend.

Williams is jumping on the master limited partnership (MLP) bandwagon with the announcement last week that it plans to create an MLP to own gas pipeline assets. The company also said it will repurchase up to $1 billion of its common shares.

Williams plans to create a publicly traded master limited partnership (MLP) to own natural gas pipeline assets. The company also said Friday it will repurchase up to $1 billion of its common shares.

FERC Thursday approved Transcontinental Gas Pipe Line’s proposal for a $73 million expansion that would create 165 MMcf/d of new firm transportation capacity to serve markets in the greater Washington, DC, and Baltimore, MD, metropolitan areas.

FERC last Thursday approved Transcontinental Gas Pipe Line’s proposal for a $73 million expansion that would create 165 MMcf/d of new firm transportation capacity to serve markets in the greater Washington, DC, and Baltimore, MD, metropolitan areas.

Looking to create more flexibility while balancing the U.S. natural gas supply and demand dynamic, Spectra Energy said last week that it has filed an application with FERC outlining its previously announced plans to significantly expand the capacity of its proposed storage facility located in Copiah County, MS. The company also reported last week that a spin-off company will own Spectra Energy’s East Tennessee and Gulstream systems, along with other assets.

Looking to create more flexibility while balancing the U.S. natural gas supply and demand dynamic, Spectra Energy said Thursday that it has filed an application with FERC outlining its previously announced plans to significantly expand the capacity of its proposed storage facility located in Copiah County, MS.

El Paso Corp. is drawing up plans to create a master limited partnership (MLP) to initially hold about $500 million worth of its domestic natural gas pipeline franchise. The MLP, expected to roll out by the end of this year, would not only enhance the value and financial flexibility of its bread-and-butter franchise, but likely would boost El Paso’s opportunities to compete for future greenfield pipe projects.