NiSource Inc. has inked a $2.15 billion deal to sell equity in its Indiana natural gas and electric utility to Blackstone Infrastructure Partners, which would defray some of the costs to modernize the natural gas system. Blackstone’s stake in Northern Indiana Public Service Co. (Nipsco) would position Nipsco to retire its 2,249 MW of coal-fired…
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Articles from Indiana
Transco Expansion Targets Marcellus Gas, Southeastern Demand
Williams Partners LP is holding a nonbinding open season through June 28 for expansion of its Transco pipeline to provide incremental firm service to markets in northern Georgia and Alabama by 2016.
Industry Briefs
Indiana-based Cummins Inc. said Monday it will produce dual fuel natural gas/diesel engines for the high-horsepower market including oil and gas fields throughout the nation. The first in a series of products will be aimed at oil and gas well servicing applications with its production beginning in mid-2013. QSK50 Tier 2 will be the first new dual fuel engine followed by other models in the QSK series of engines, Cummins said. The new products will be capable of meeting new federal Environmental Protection Agency (EPA) Tier 4 emissions standards. Cummins said the high-horsepower dual fuel engines will operate with common integrated controls that allow what it called a “seamless transition” from diesel to a dual fuel blend of diesel and natural gas operation. Substitution rates using natural gas will vary from 50% to 70%, depending on applications and the duty cycle. The dual fuel option will be available in both the new engines and through retrofit of existing QSK engines.
Range Resources to Anchor New Marcellus Water Pipeline
A Range Resources Corp. unit has signed on as an anchor customer for a new private pipeline system that would supply fresh water to natural gas producers drilling in the Marcellus Shale in north-central Pennsylvania.
Little Impact from Panhandle Eastern Pipeline Rupture
Although a news service reported that a rupture in Indiana on the Panhandle Eastern natural gas pipeline was a factor in lifting natural gas futures values Wednesday morning, the pipeline said it was able to keep shipper nominations whole.
Tenaska’s $3B-Plus Coal Power Plant Would Feature Carbon Capture
After a turbulent few months of project proposals and cancellations in states like Indiana and Wyoming, the movement promoting clean coal for power production saw another sign of hope last week as Omaha-based Tenaska Inc. proposed to build the nation’s first new conventional coal-fueled power plant that woul also capture carbon dioxide (CO2) near Sweetwater, TX. The captured CO2 would then be sold for use to enhance oil production in the Permian Basin, resulting in geologic storage.
Consol Eyes $932M Purchase of Last CNX Gas Shares
Consol Energy Inc. will make an offer for all of the outstanding shares of independent producer CNX Gas Corp. in a stock-for-stock deal valued at approximately $932 million, the company said last Tuesday. Coal producer Consol, which already owns approximately 81.7% of CNX’s 151 million shares, said it was making the offer to diversify its energy mix.
Consol Energy to Offer $932 Million for Outstanding CNX Gas Shares
Consol Energy Inc. will make an offer for all of the outstanding shares of independent producer CNX Gas Corp. in a stock-for-stock deal valued at approximately $932 million, the company said Tuesday. Coal producer Consol, which already owns approximately 81.7% of CNX’s 151 million shares, said it was making the offer to diversify its energy mix.
BreitBurn Completes $1.45B Acquisition of Quicksilver Assets
BreitBurn Energy Partners LP and Quicksilver Resources Inc. have completed the $1.45 billion sale of all of Quicksilver’s natural gas, oil and midstream assets in Michigan, Indiana and Kentucky to BreitBurn, they said Thursday. BreitBurn paid $750 million in cash and approximately 21.348 million common units of its stock.
BreitBurn Energy’s Purchase of Quicksilver Resources Clears FTC
The Federal Trade Commission (FTC) has given the green light to BreitBurn Energy Partners LP’s plan to buy all of Quicksilver Resources Inc.’s natural gas properties in Michigan, Indiana and Kentucky for $750 million in cash and 21.35 million of BreitBurn’s common units. The transaction, which is targeted for closure on Nov. 1, is 94% weighted to gas, with a total value of about $1.45 billion.