Following the lead of other pipeline operators that have brought into the fold their master limited partnerships (MLP) because of changes to federal law, Loews Corp. said it plans to take over subsidiary Boardwalk Pipeline Partners LP for an estimated $1.5 billion.
Loews
Articles from Loews
Boardwalk Cuts Distribution as Shale Gale Blows Cold on Earnings
Boardwalk Pipeline Partners LP on Monday slashed its quarterly distribution by 81% in order to reduce debt and fund projects following a fourth quarter that saw net income fall 78% from a year ago. Net income for 2013 was down 17% from the prior year.
February 10, 2014
Industry Briefs
Ownesboro, KY-based TGT Pipeline LLC, a subsidiary of Loews Corp., has changed its name to Boardwalk Pipelines LLC. The renamed company is the parent of two operating subsidiaries in the interstate gas pipeline industry, Texas Gas Transmission LLC and Gulf South Pipeline Co. LP, whose names will remain unchanged.
February 14, 2005
Industry Briefs
Ownesboro, KY-based TGT Pipeline LLC, a subsidiary of Loews Corp., has changed its name to Boardwalk Pipelines LLC. The renamed company is the parent of two operating subsidiaries in the interstate gas pipeline industry, Texas Gas Transmission LLC and Gulf South Pipeline Co. LP, whose names will remain unchanged.
February 10, 2005
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