Continuing to take the low road on certain energy companies, Salomon Smith Barney (SSB) Friday knocked the props out from under American Electric Power (AEP) and El Paso Corp., removing the “outperform” label and dropping them back “in-line” with the rest of the gas and electric utility sector.
Knocked
Articles from Knocked
El Paso’s Proposed Service to Pinnacle West Knocked
A proposal by El Paso Natural Gas to build a new delivery point and associated lateral facilities to provide “full requirements” service of 410 MMcf/d to a new generation plant destined for the Arizona market has been met by a barrage of criticism from existing producer- and utility-shippers on the pipeline.
April 23, 2001
Delays Prompt DTE, MCN to Revise Merger
DTE Energy knocked off more than $400 million from the cost ofacquiring MCN Energy Group last week, according to a revised mergeragreement approved by the boards of both companies.
March 5, 2001
Delays Prompt DTE, MCN to Revise Merger
DTE Energy knocked off more than $400 million from the cost ofacquiring MCN Energy Group yesterday, according to a revised mergeragreement approved by the boards of both companies.
March 1, 2001
Transportation Notes
In a Friday update on the May 7 fire that knocked out service atits Station 812 in Atoka County, OK (see Daily GPI, May 10 and 15), NGPL said it plans on reconstructingthe destroyed service building in upcoming months and targeted areturn to normal operations for Nov. 1. Pre-fire capacity will berestored at that time, the pipeline said, but until then volumes inSegment 16 are limited to 135,000 MMBtu/d. Although the station’scompressors weren’t damaged, they can’t be operated due to the loss ofequipment in the service building.
May 22, 2000
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