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Laub

FERC Approves Paiute Pipeline Acquisition of Peaking Facilities

FERC Wednesday approved a certificate for Paiute Pipeline to acquire and operate the H.G. Laub LNG storage peaking facilities and an associated stretch of pipeline near Lovelock, NV from Uzal LLC for $21.97 million. Paiute currently leases and operates the facilities, which were built in 1982, including the 61 miles of 20-inch pipeline loop.

December 16, 2004