Two dueling pipeline projects from New England to Long Island,NY, unveiled open seasons last week. Tennessee Gas Pipeline Co., anEl Paso unit, is planning one line, the Connecticut-Long IslandPipeline, while Duke Energy Gas Transmission (DEGT) and KeySpanEnergy Delivery Long Island (KEDLI) are partnering on the competingproject, called Islander East. Open seasons on both will concludeFeb. 28.
Dueling
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Texas Utilities Gains More Energy Group Shares
The dueling U.S. titans were continuing their battle to be thenew owner of England’s The Energy Group. Texas Utilities said itacquired 36.9 million more Energy Group shares at 840 pence/share,representing about 7.1% of The Energy Group’s issued share capital,and now holds 114.4 million shares, about 21.96% of issued sharecapital. TU had the blessing of U.S. regulators for the shareacquisition.
March 18, 1998
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