Gaz Metropolitan & Co. has exercised its rights under a partnership agreement and intends to increase its ownership interest in Portland Natural Gas Transmission System (PNGTS) to 38.3% from 26.9% through a $21.6 million purchase of El Paso Corp.’s interest in the pipeline.
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Gaz Metro Exercises Partnership Rights, Increases Stake in PNGTS
Gaz Metropolitan & Co. has exercised its rights under a partnership agreement and intends to increase its ownership interest in Portland Natural Gas Transmission System (PNGTS) to 38.3% from 26.9% through a $21.6 million purchase of El Paso Corp.’s interest in the pipeline.
November 24, 2003
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