CCE Holdings Inc., a joint venture between Southern Union Co. and GE Commercial Finance Energy Financial Services on Wednesday completed its acquisition of 100% of the equity interests in CrossCountry Energy LLC from Enron Corp. CCE paid Enron $2.45 billion in cash and assumed the debt for 7,400 miles of natural gas pipelines with 4.2 Bcf/d of transportation capacity.
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CCE Completes Purchase of Gas Pipelines Formerly Owned by Enron
CCE Holdings Inc., a joint venture between Southern Union Co. and GE Commercial Finance Energy Financial Services on Wednesday completed its acquisition of 100% of the equity interests in CrossCountry Energy LLC from Enron Corp. CCE paid Enron $2.45 billion in cash and assumed the debt for 7,400 miles of natural gas pipelines with 4.2 Bcf/d of transportation capacity.
CCE Completes Purchase of Gas Pipelines Formerly Owned by Enron
CCE Holdings Inc., a joint venture between Southern Union Co. and GE Commercial Finance Energy Financial Services on Wednesday completed its acquisition of 100% of the equity interests in CrossCountry Energy LLC from Enron Corp. CCE paid Enron $2.45 billion in cash and assumed the debt for 7,400 miles of natural gas pipelines with 4.2 Bcf/d of transportation capacity.
British Columbia Turns Over New Leaf on Pipeline Regulation
British Columbia, formerly notorious for erecting rigid regulatory barriers inspired by environmental critics, is now vowing to keep its promise to make its gas-rich northeastern corner more accessible. The BC Oil and Gas Commission is inaugurating a new era of “performance-based” regulation this fall, initially with liberalized procedures for pipeline projects.
British Columbia Turns Over New Leaf on Pipeline Regulation
British Columbia, formerly notorious for erecting rigid regulatory barriers inspired by environmental critics, is now vowing to keep its promise to make its gas-rich northeastern corner more accessible. The BC Oil and Gas Commission is inaugurating a new era of “performance-based” regulation this fall, initially with liberalized procedures for pipeline projects.
British Columbia Turns Over New Leaf on Pipeline Regulation
British Columbia, formerly notorious for erecting rigid regulatory barriers inspired by environmental critics, is now vowing to keep its promise to make its gas-rich northeastern corner more accessible. The BC Oil and Gas Commission is inaugurating a new era of “performance-based” regulation this fall, initially with liberalized procedures for pipeline projects.
Another Enron Exec Pleads Guilty, to Cooperate in Ongoing Investigation
Kenneth Rice, 45, who formerly was co-CEO of Enron Corp.’s broadband division, pleaded guilty on Friday to one count of securities fraud. He agreed to pay a $13.7 million fine, and now faces up to 10 years in prison. Sentencing is set for Jan. 31, 2005.
Another Enron Exec Pleads Guilty, to Cooperate in Ongoing Investigation
Kenneth Rice, 45, who formerly was co-CEO of Enron Corp.’s broadband division, pleaded guilty on Friday to one count of securities fraud. He agreed to pay a $13.7 million fine, and now faces up to 10 years in prison. Sentencing is set for Jan. 31, 2005.
Williams Pays Magellan $117.5 Million for Pipeline Indemnities
Williams said Thursday that it paid $117.5 million to Magellan Midstream (formerly Williams Energy Partners) to be released from historical indemnities related to the Magellan pipeline assets that Williams previously owned. The indemnities primarily relate to environmental issues for periods during which Williams was the owner of the Williams Pipe Line system.
Williams Pays Magellan $117.5 Million for Pipeline Indemnities
Williams said Thursday that it paid $117.5 million to Magellan Midstream (formerly Williams Energy Partners) to be released from historical indemnities related to the Magellan pipeline assets that Williams previously owned. The indemnities primarily relate to environmental issues for periods during which Williams was the owner of the Williams Pipe Line system.