International operations enabled UtiliCorp United to post higherearnings during the first quarter despite sharply lower resultsfrom Aquila Energy’ midstream activities. UtiliCorp reportedearnings of $51.9 million, up from $43.3 million a year earlier.Diluted earnings per share for the quarter were $.57 in 1999compared to $.53 in 1998.
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TransCanada Scales Back Expansion Plans
TransCanada PipeLines said yesterday the loss of two shipperagreements enabled it to slash the price of its 1999 expansionproject by C$575.9 million, but it still anticipates being able toprovide 76% of the capacity (208 MMcf/d) of the original project byNovember 1999. The Canadian pipeline monopoly filed its originalproject application with the National Energy Board in April, butmodified its plans this week.
July 24, 1998
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