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Dynegy, Energy Capital Partners JV to Pay $3.3B For ENGIE’s U.S. Portfolio

Dynegy Inc. and Energy Capital Partners, through a newly formed joint venture, will buy ENGIE’s fossil portfolio, including 8,731 MW of generation capacity in the ERCOT, PJM and ISO-New England footprints, for $3.3 billion, a deal that would increase Dynegy’s natural gas and combined cycle fleet, the companies said Thursday.

February 26, 2016

Not ‘Business as Usual,’ But Enterprise Reports Profitable 4Q

Enterprise Products Partners LP was able to hold its own during a fourth quarter that was anything but business as usual with regard to commodity prices.

January 28, 2016

Pacific Northwest Oil Rail Terminal Plan Approved

The Port of Vancouver, WA, Board of Commissioners on Tuesday approved a 10-year lease with a joint venture (JV) involving units of Tesoro Corp. and Savage Companies for a crude oil rail terminal at the port.

July 26, 2013

Newfield, Hess Terminate Leases in Pennsylvania

Newfield Exploration Co. and joint venture (JV) partner Hess Corp., have terminated about 1,500 leases in northeastern Pennsylvania, dashing hopes that landowners could earn about $187.5 million in royalties.

July 22, 2013

Newfield, Hess Terminate Leases in Northeast Pennsylvania

In a blow to oil and gas development in northeast Pennsylvania, Newfield Exploration Co. and its joint venture (JV) partner, Hess Corp., have terminated about 1,500 leases in the region and dashed hopes that landowners could earn about $187.5 million in lease payments.

July 17, 2013

Distribution System to Bring Marcellus Gas to Locals

Leatherstocking Gas Co., a 50-50 joint venture between Corning Natural Gas Corp. and Mirabito Holdings Inc., recently broke ground on a natural gas distribution system in Susquehanna County, PA, the latest step in its “local gas for local people” effort to supply Marcellus Shale gas to customers living in the area.

July 1, 2013

Distribution System Would Bring Marcellus Gas to Susquehanna County

Leatherstocking Gas Co., a 50-50 joint venture between Corning Natural Gas Corp. and Mirabito Holdings Inc., recently broke ground on a natural gas distribution system in Susquehanna County, PA, the latest step in its “local gas for local people” effort to supply Marcellus Shale gas to customers living in the area.

June 25, 2013

Connecticut Utilities Seek 280K Gas Customers

Yankee Gas, Connecticut Natural Gas (CNG) and Southern Connecticut Gas (SCG) have filed a joint expansion plan with state regulators that would add nearly 300,000 gas customers and increase system throughputs substantially. In the shale gas era, consumers are seeking gas connections, and utilities are working to provide them (see NGI, Feb. 11).

June 24, 2013

Connecticut Utility Trio Files NatGas Hookup Plan

Inexpensive shale gas has lit a fire under Connecticut gas distribution utilities Yankee Gas, Connecticut Natural Gas (CNG) and Southern Connecticut Gas (SCG), which have just filed a joint gas expansion plan with the state’s Public Utilities Regulatory Authority and the Department of Energy and Environmental Protection (DEEP).

June 18, 2013

Industry Briefs

Western Gas Partners LP has exercised an option to acquire a 25% interest in a joint venture with Enterprise Products Partners LP to own two fractionation trains (Trains 7 and 8) being constructed in Mont Belvieu, TX. The trains, scheduled to begin service later this year, would be operated by Enterprise. Western, formed by Anadarko Petroleum Corp., also plans to begin constructing a second cryogenic processing train at its Lancaster plant in the Denver-Julesburg Basin this year. Lancaster II is expected to have a capacity of 300 MMcf/d with throughput of 200 MMcf/d guaranteed by an Anadarko subsidiary. The partnership anticipates the project will cost $165 million, with 50% spent in 2013 and the remainder spent by early 2015. The new train is expected to begin operating in early 2015.

June 13, 2013
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