After endless complaints about the capacity problems on El Paso Natural Gas, FERC on Wednesday approved an uncontested settlement of the Order 637 issues on the pipeline, putting an end to the “very significant reliability concerns” and contract issues that wracked the system a few years ago.
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Ohio PUC Orders Probe of Dayton Power & Light’s Financial Health
The Public Utilities Commission of Ohio (PUCO) last week directed its staff to investigate the financial condition of Dayton Power and Light (DP&L). The investigation is the result of recent reports regarding the financial activities of DP&L’s holding company, DPL Inc.
Williams Finalizes $800 Million Credit Facility
Continuing on towards the goal of restoring its balance sheet to health, the Williams Companies (TWC) said last week that it is finalizing a new $800 million credit facility primarily for the purpose of issuing letters of credit. The Tulsa-based company said Friday that it had completed the agreement ahead of schedule.
Williams to Finalize $800 Million Credit Facility
Continuing on towards the goal of restoring its balance sheet to health, the Williams Companies (TWC) said Wednesday that it is finalizing a new $800 million credit facility primarily for the purpose of issuing letters of credit. The Tulsa-based company said it expects to complete the credit agreement by mid-June.
Williams Energy Partners Shows Investors Clean Bill of Health
In the wake of the current turmoil surrounding Williams Cos., Williams Energy Partners LP took the chance to inform the investment community that it is an “extremely healthy” stand-alone company. The partnership held an unscheduled conference call last week to address investment concerns that dropped the company’s stock price by $6 (more than 19%) in Tuesday trading.
Williams Energy Partners Shows Investors Its Clean Bill of Health
In the wake of the current turmoil surrounding Williams Cos., Williams Energy Partners LP took the chance to inform the investment community that it is an “extremely healthy” stand-alone company. The partnership held an unscheduled conference call to address investment concerns that dropped the company’s stock price by $6.00 (more than 19%) in Tuesday trading.
Williams Energy Partners Shows Investors Its Clean Bill of Health
In the wake of the current turmoil surrounding Williams Cos., Williams Energy Partners LP took the chance to inform the investment community that it is an “extremely healthy” stand-alone company. The partnership held an unscheduled conference call to address investment concerns that dropped the company’s stock price by $6.00 (more than 19%) in Tuesday trading.
Cheney Says Economic Health Tied to Energy, Free Trade
Congressional passage of President Bush’s energy initiatives, as well as expanded free trade authority, will have a “great bearing” on the nation’s economy this year and beyond, Vice President Dick Cheney said in a speech Monday to the Southern Governors’ Association (SGA).
Energy Stocks Take Beating Over California Crisis
Energy stocks took a pounding yesterday mainly in reaction tocontinuing uncertainty over the financial health of California’stwo largest utilities, Southern California Edison and Pacific Gasand Electric, which got a weak short-term prescription by stateregulators (see related story this issue).