Standard and Poor’s Rating Service explained the reasons for assigning a “B” rating and negative outlook on both El Paso Corp. and The Williams Cos. Inc. in a new report released on Friday. The two companies have “consistently underperformed in terms of meeting financial target expectations” mainly because of the poor performance of their marketing and trading divisions, which despite being either significantly reduced, as in Williams’ case, or on the fast track toward being completely dissolved, as in El Paso’s case, could continue to be a draw on cash, S&P said.
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EIA Explains Method for Computing Full Level of Working Gas in Storage
The method used by the Energy Information Administration (EIA) to compute maximum working gas in U.S. storage is different from that of its predecessor, the American Gas Association (AGA), and yields conflicting results, with the EIA’s estimate of full working gas levels much higher than AGA’s, the Department of Energy (DOE) agency said in a report last week.
October 7, 2002
EIA Explains Method for Computing Full Level of Working Gas in Storage
The method used by the Energy Information Administration (EIA) to compute U.S. maximum working gas in storage is different from that of its predecessor, the American Gas Association (AGA), and yields conflicting calculations, with the EIA’s estimate of full working gas levels much higher than AGA’s, the Department of Energy (DOE) agency said in a report this week..
October 4, 2002
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