Houston’s Burlington Resources said this week that a tax benefitreinstated by the Federal Energy Regulatory Commission in Septemberwill raise the independent’s earnings in the third quarter by 14cents, beating analysts’ expectations.
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Northern Border Files Rate Settlement
Northern Border Pipeline filed a stipulation and agreement thatsettles its pending rate case with the Federal Energy RegulatoryCommission (FERC). The settlement was reached between the pipelinecompany, the majority of its customers and FERC staff.
Williams Delays, Phases In MarketLink
Williams has filed an amendment with the Federal EnergyRegulatory Commission requesting authorization to phaseconstruction of Transco pipeline’s MarketLink project over fouryears to satisfy requests by the project shippers.
Horizon Pipeline Gets FERC Nod
The Federal Energy Regulatory Commission voted out a conditional certificate at last week’s regular meeting for the proposed 70-mile long Horizon Pipeline to carry 380 MMcf/d from the Joliet, IL, hub into northern Illinois.
Horizon Pipeline Gets FERC Nod
The Federal Energy Regulatory Commission voted out a conditionalcertificate at yesterday’s regular meeting for the proposed 70-milelong Horizon Pipeline to carry 380 MMcf/d from the Joliet, IL, hubinto northern Illinois.
Distrigas Plans Added LNG Sendout
Distrigas of Massachusetts (DOMAC) has filed with the FederalEnergy Regulatory Commission to construct four new high-poweredvaporizers to deliver 280 MMBtu/d of regassified LNG to a new1,550 MW Mystic Station power plant to be built by Sithe Industriesin Everett, MA. (CP00-447).
DTE, MCN Propose Merger Solution
To resolve concerns raised by the Federal Trade Commission overthe proposed merger of DTE Energy and MCN Energy, MCN has agreed totransfer a property interest to a unit of Unicom Corp. that wouldallow for the use of up to 20 Bcf of natural gas transportationcapacity annually on MCN’s Michigan Consolidated Gas Co. system inthe relevant distribution area.
Distrigas Plans Added LNG Sendout
Distrigas of Massachusetts (DOMAC) has filed with the FederalEnergy Regulatory Commission to construct four new high-poweredvaporizers to deliver 280 MMBtu/d of regassified LNG to a new1,550 MW Mystic Station power plant to be built by Sithe Industriesin Everett, MA. (CP00-447).
DTE, MCN Propose Merger Solution
To resolve concerns raised by the Federal Trade Commission overthe proposed merger of DTE Energy and MCN Energy, MCN has agreed totransfer a property interest to a unit of Unicom Corp. that wouldallow for the use of up to 20 Bcf of natural gas transportationcapacity annually on MCN’s Michigan Consolidated Gas Co. system inthe relevant distribution area.
Kerr-McGee Leads Gulf Lease Sale
A federal offshore natural gas and oil lease sale — the fifthlargest in 10 years — was completed last month for blocks in thewestern Gulf of Mexico, with $153.6 million in high bids.Houston-based Kerr-McGee Oil & Gas Corp. and its partners werethe highest bidders on 22 blocks worth $16.3 million.