Inks

Kinder Morgan Inc. said subsidiary Natural Gas Pipeline Company of America (NGPL) has locked up all of its firm transportation capacity under contract through October and most of it through March 2004.

Kinder Morgan Inc. said subsidiary Natural Gas Pipeline Company of America (NGPL) has locked up all of its firm transportation capacity under contract through October and most of it through March 2004.

Continuing ongoing efforts to bolster its balance sheet, Reliant Resources Inc. on Wednesday disclosed that it has entered into a definitive agreement for the sale of its 588 MW Desert Basin plant in Arizona to the Salt River Project Agricultural Improvement and Power District (SRP) for $288.5 million.

Kinder Morgan Energy Partners, LP (KMP) said it has entered into a 15-year agreement to supply Praxair Inc. with up to 90,000 MMBtu/d of natural gas from its Texas intrastate pipeline system.

Kinder Morgan Energy Partners, LP (KMP) on Tuesday entered into a 15-year agreement to supply Praxair Inc. with up to 90,000 MMBtu/d of natural gas from its Texas intrastate pipeline system.

Dominion announced Thursday that it closed on a $1.45 billion revolving credit facility with JP Morgan that features a unique pricing mechanism, called relative value pricing, which adjusts interest payments based on reference to bond market pricing. Dominion and JP Morgan said they expect the new financing method to “win widespread popularity…attract more lenders to the market and serve as a model for future unsecured short-term credit for investment grade companies.”

Calgary-based Millennium Energy Inc. and Crossfield Gas Corp. announced that they have entered into a merger agreement under which Millennium will acquire Crossfield through a stock swap. Upon completion, the combined company will be renamed Bear Creek Energy Ltd.

Williams announced plans to add processing capacity to its Opal, WY, plant to accommodate gas production volumes from Shell Exploration and Production’s Pinedale Anticline play in southwestern Wyoming. Williams said the expansion will bring the capacity of the plant to about 1.1 Bcf/d from the current 750 MMcf/d.

Williams announced plans to add processing capacity to its Opal, WY, plant to accommodate gas production volumes from Shell Exploration and Production’s Pinedale Anticline play in southwestern Wyoming. Williams said the expansion will bring the capacity of the plant to about 1.1 Bcf/d from the current 750 MMcf/d.