Enterprise

Enterprise Products Partners LP (EPD) earned record profits in the first quarter as rig counts grew in liquids-rich shales and low natural gas prices spurred petrochemical demand. The company continues to see opportunities “to serve our customers, both producers and consumers,” COO Jim Teague said during a conference call last Tuesday.

Enterprise Products Partners LP (EPD) earned record profits in the first quarter as rig counts grew in liquids-rich shales and low natural gas prices spurred petrochemical demand. The company continues to see opportunities “to serve our customers, both producers and consumers,” COO Jim Teague said during a conference call Tuesday.

Natural gas has gotten a ringing endorsement from an unusual source. In a policy address at the American Enterprise Institute, John W. Rowe, chairman and CEO of Exelon, operator of the largest fleet of nuclear power plants, urged lawmakers to “do nothing” and let the markets dictate and the nation rely on “a clean, competitive and inexpensive windfall,” natural gas.

Natural gas has gotten a ringing endorsement from an unusual source. In a policy address at the American Enterprise Institute, John W. Rowe, chairman and CEO of Exelon, operator of the largest fleet of nuclear power plants, urged lawmakers to “do nothing” and let the markets dictate and the nation rely on “a clean, competitive and inexpensive windfall,” natural gas.

Koch Pipeline Co. LP Monday said it expects to have corporate approval by year-end to expand its South Texas Crude oil system to serve producers in the Eagle Ford Shale in South Texas.

Northeast Utilities and NSTAR have agreed on a merger that would create one of the country’s largest utilities with an enterprise value of $17.5 billion. The combined company would be called Northeast Utilities and would have 500,000 natural gas customers as well as three million electric customers.

Northeast Utilities and NSTAR have agreed on a merger that would create one of the country’s largest utilities with an enterprise value of $17.5 billion. The combined company would be called Northeast Utilities and would have 500,000 natural gas customers as well as three million electric customers.

Enduring the tough economic climate that all utilities have faced over the last year, Public Service Enterprise Group (PSEG) was a bright spot on Thursday as the Newark, NJ-based electricity and natural gas distributor and electricity generator reported income from continuing operations for 4Q2009 of $349 million (69 cents/share), up 47% from the $237 million (46 cents/share) that the company posted in 4Q2008.

Enduring the tough economic climate that all utilities have faced over the last year, Public Service Enterprise Group (PSEG) was a bright spot on Thursday as the Newark, NJ-based electricity and natural gas distributor and electricity generator reported income from continuing operations for 4Q2009 of $349 million (69 cents/share), up 47% from the $237 million (46 cents/share) that the company posted in 4Q2008.