Houston’s Enterprise Products Partners L.P. has purchased Acadian Gas LLC’s extensive southern Louisiana assets, which include 1,000-plus miles of pipeline, more than 1 Bcf/d of capacity and a leased natural gas storage facility with 3.4 Bcf of capacity from Coral Energy LLC for $226 million in cash. Coral Energy, also based in Houston, is an affiliate of Shell Oil Co.
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Enterprise Purchases Coral’s Acadian Gas Assets
Houston’s Enterprise Products Partners L.P. has purchasedAcadian Gas LLC’s extensive southern Louisiana assets, whichinclude 1,000-plus miles of pipeline, more than 1 Bcf/d of capacityand a leased natural gas storage facility with 3.4 Bcf of capacityfrom Coral Energy LLC for $226 million in cash. Coral Energy, alsobased in Houston, is an affiliate of Shell Oil Co.
PG&E AZ Power Plant Passes Test
PG&E Corp. is the latest energy giant to seek a toehold inthe fast-growing Arizona merchant power plant market, gaining aninitial state approval last week, but facing up to a half-dozencounty, state and federal environmental reviews for a proposed $500million, 1,040 MW natural gas-fired plant near Phoenix.
Transportation Notes
Horsepower problems at the Grand Chenier (LA) Compressor Stationare more extensive than originally thought, ANR said, and willdelay completion of required repairs until Dec. 21. ANR hadpreviously expected to complete the work, which is reducing thestation’s normal capacity of 750 MMcf/d by about 150 MMcf/d,Wednesday (see Daily GPI, Dec. 10).
EPA Brings Lawsuits Against 32 Coal-Fired Utility Plants
As a result of one of the most extensive environmentalinvestigations ever, federal authorities last week filed a stringof lawsuits and other actions against 32 coal-fired utility plantsin the South and Midwest for allegedly failing to installpollution-control equipment when major facility upgrades were made.These actions, they said, contributed significantly to the higherlevels of nitrogen oxide (NOx), sulfur dioxide (SOx) andparticulate matter emissions over the years.
Congress Rescues Coalbed Methane Leases
Coalbed methane leaseholders in Wyoming and across the nationhave been saved from “suffering extensive economic trauma,” Sens.Craig Thomas (R-WY) and Mike Enzi (R-WY) and Rep. Barbara Cubin(R-WY) said in a joint statement last week.
Coalbed Methane Legislation Passed
Coalbed methane leaseholders in Wyoming and across the nationhave been saved from “suffering extensive economic trauma,” Sens.Craig Thomas and Mike Enzi and Rep. Barbara Cubin said in a jointstatement yesterday.
FERC First Changes Announced At Last
Following an extensive four-month, $700,000 review of FERC’sprocedures and organization by staff and Andersen Consulting, theCommission yesterday formally announced its changes in structureand regulatory approach. The initiative, which includes creatingseveral new offices, efforts to increase pre-filing activities andnew regulatory approaches designed to speed up processing ofapplications, will be made effective over the next 18 months.