NiSource Inc. on Tuesday said cold weather and an asset sale offset the negative effects of a rate review settlement, accounting rule change and higher pension expense during the first quarter, resulting in a 5% hike in its first quarter net income from a year ago.
Favorable
Articles from Favorable
FERC Gives Nods to Storage Expansion, Pipeline Conversion
The Federal Energy Regulatory Commission last Wednesday issued favorable rulings for Duke Energy’s Egan Hub Partners LP to proceed with further expansion of its storage facility in Louisiana, and for Montana-based Energy West Development Inc. to convert a liquid products pipeline to natural gas service in the West.
FERC Gives Nods to Storage Expansion, Pipeline Conversion
The Federal Energy Regulatory Commission on Wednesday issued favorable rulings for Duke Energy’s Egan Hub Partners LP to proceed with further expansion of its storage facility in Louisiana, and for Montana-based Energy West Development Inc. to convert a liquid products pipeline to natural gas service in the West.
CA Officials Not Expecting Favorable FERC Decision; Eye Courts for Relief
California state leaders are “not overly optimistic” they will get the $9 billion in refunds on high-priced power they claim Californians are owed when the Federal Energy Regulatory Commission rules Wednesday, so they’re prepared to carry the fight to the 9th Circuit Court of Appeal.
Two Gas Storage Projects Get FERC Approval
Two natural gas storage projects received favorable rulings from FERC last Wednesday. Aquila affiliate Red Lake Gas Storage LP received preliminary approval on nonenvironmental grounds for construction of a salt cavern natural gas storage facility in Mohave County, AZ, with 12 Bcf of working gas capacity and 900,000 Dth/d of maximum deliverability. FERC also awarded a limited jurisdiction blanket certificate to Saltville Storage Co. LLC, which is building a salt cavern in southwestern Virginia.
Apache Credits Favorable 4th Quarter to Higher Oil, Gas Prices
Independent producer Apache Corp. last week reported the fourth quarter was its best period during 2002, with earnings up significantly from both the third quarter and the comparable 2001 period due to higher prices for natural gas and crude oil.
Apache Credits Favorable 4th Quarter to Higher Oil, Gas Prices
Independent producer Apache Corp. reported the fourth quarter was its best period during 2002, with earnings up significantly from both the third quarter and the comparable 2001 period due to higher prices for natural gas and crude oil.
Two Gas Storage Projects Get FERC Approval
Two natural gas storage projects received favorable rulings from FERC on Wednesday. Aquila affiliate Red Lake Gas Storage LP received preliminary approval on nonenvironmental grounds for construction of a salt cavern natural gas storage facility in Mohave County, AZ, with 12 Bcf of working gas capacity and 900,000 Dth/d of maximum deliverability. FERC also awarded a limited jurisdiction blanket certificate to Saltville Storage Co. LLC, which is building a salt cavern in southwestern Virginia.
Gasco Produces Results in Uinta Basin
Denver-based Gasco Energy Inc. reported late last week favorable results from four wells on its Riverbend Project in Utah’s Uinta Basin. One of the wells was already flowing to sales with the remaining three not far behind.
Northwest, East Tennessee, Gulfstream Projects Score at FERC
FERC issued favorable preliminary determinations (PD) on non-environmental grounds for two Northwest Pipeline expansion projects and East Tennessee Natural Gas’ Patriot project last week, and approved an amendment to the Gulfstream Natural Gas System LLC pipeline certificate that will allow the Florida pipeline system to be completed in two phases.