TransCanada Corp. said Thursday it has decided to merge its larger Pathfinder Pipeline project into its Bison Pipeline project, which would provide additional capacity to deliver Rocky Mountain natural gas to Midwest markets.
Liability
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ICE Starts Up CDS Clearing Operation
Atlanta-based IntercontinentalExchange (ICE), a leading operator of global futures exchanges, announced that ICE US Trust LLC, a New York limited liability trust company, began processing and clearing credit default swap (CDS) index transactions last Monday.
ICE Announces Start-Up of CDS Clearing Operation
Atlanta-based IntercontinentalExchange (ICE), a leading operator of global futures exchanges, announced that ICE US Trust LLC, a New York limited liability trust company, began processing and clearing credit default swap (CDS) index transactions Monday.
NiSource Takes a Hit on Nonoperating Earnings
Due to an adjustment in reserves to cover its potential liability in an ongoing royalties lawsuit, NiSource Inc. last week reported a net loss of more than $200 million for the second quarter. The company’s net earnings from continuing operations were on the plus side but they were below year-ago results for the quarter, with natural gas and power distribution down and transmission and storage showing an increase.
NiSource Takes a Hit on Nonoperating Earnings
Due to an adjustment in reserves to cover its potential liability in an ongoing royalties lawsuit, NiSource Inc. recorded a second quarter net loss of more than $200 million. The company’s net earnings from continuing operations were on the plus side but they were below year-ago results for the quarter, with natural gas and power distribution down and transmission and storage showing an increase.
FERC Upholds Rulings on Suspended Shipper Liability, Interest on Security Payments
The Federal Energy Regulatory Commission has affirmed several key rulings involving creditworthy issues that are favorable to shippers on Tennessee Gas Pipeline Co.
FERC Upholds Rulings on Suspended Shipper Liability, Interest on Security Payments
The Federal Energy Regulatory Commission has affirmed several key rulings involving creditworthy issues that are favorable to shippers on Tennessee Gas Pipeline Co.
CMS Brings in New Partners for Trunkline Conversion
CMS Energy Corp., Marathon Ashland Petroleum LLC, and TEPPCOPartners LP. are forming a limited liability company to own andoperate part of Trunkline’s mainline that is being converted totransport refined products from the Gulf Coast region to Illinois.Each of the companies will own a one-third interest in the venture.CMS already is seeking FERC approval to convert the 720-mileportion of its pipeline from gas to refined products service.Conversion of the pipeline to liquids service is expected by theend of 2001.
Cross Bay Tests N.Y. Demand Growth
Cross Bay Pipeline Co., a limited liability company formed bysubsidiaries of Williams, Duke Energy and KeySpan Energy, announcedit is holding a 30-day open season from Oct. 15 to Nov. 13 todetermine market interest in 125,000 Dth/d of firm capacity to theNew York City metropolitan area.
Cross Bay Holds Open Season for NY Service
Cross Bay Pipeline Co., a limited liability company formed bysubsidiaries of Williams, Duke Energy and KeySpan Energy, announcedit is holding a 30-day open season from Oct. 15 to Nov. 13 todetermine market interest in 125,000 Dth/d of firm capacity to theNew York City metropolitan area.