Merger partners Sempra Energy and KN Energy contend that QuestarPipeline, which claims the marriage would subvert gas and electriccompetition in southern California, is seeing monsters where noneexist. Nevertheless, they agreed to make certain concessions toQuestar to remove a potential threat to their merger transaction.
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Articles from Partners
Nipsco Finalizes TPC Acquisition
Nipsco Industries Inc. subsidiary Energy USA Inc. last week completed its acquisition of TPC Corp., including its 66% interest in Market Hub Partners LP. The deal was finalized April 1 and is valued at about $150 million.
Nipsco Finalizes TPC Acquisition
Nipsco Industries Inc. said subsidiary Energy USA Inc. completedits acquisition of TPC Corp., including its 66% interest in MarketHub Partners LP. The deal was finalized April 1 and is valued atabout $150 million.
Partners Developing Gas-to-Liquids Technology
Rentech Inc. of Denver signed an exclusive agreement withPhoenix Gas Systems LLC (PGS) of Long Beach, CA, to develop amodular system to produce liquid hydrocarbons from gas and othercarbon-bearing materials. Rentech developed a process to convertgas, solid, and liquid carbon-bearing materials into super-clean,high-value fuels, products and chemicals. Products includesulfur-free, aromatic free diesel fuel (Ecodiesel), naphtha andwaxes. The process is known as the Fischer-Tropsch (FT) process orGas-to-Liquids (GTL). The naphtha and diesel fuel produced areideal fuels for the “advanced fuel cell” concept currently beingdeveloped for use in transport and utility vehicles.
North Atlantic Withdraws But Vows to Return
Conceding defeat – at least temporarily – North AtlanticPipeline Partners withdrew from FERC its application to build amassive 575-mile subsea pipeline system to carry initially 2 Bcf/dof gas from the Scotian Shelf offshore Nova Scotia to markets inAtlantic Canada and New England.
Coast Energy Buys Trading Assets of ERI Canada
Coast Energy Canada Inc., a wholly owned subsidiary ofCornerstone Propane Partners L.P., finalized the purchase of thegas trading assets of ERI (Equitable Resources) Canada Ltd.,effective Dec. 31. Terms of the acquisition were not disclosed.
LG&E, Columbia in Cogen Venture for Aluminum Maker
Gregory Power Partners (GPP), a joint venture between LG&EPower and Columbia Energy’s Columbia Electric Corp., securedfinancing last week for a new gas-fired co-generation project nearGregory, TX, allowing the partnership to proceed with powercontract obligations with Reynolds Metal Co., the second largestU.S. aluminum producer. Terms of the financing were not disclosed.
LG&E/Columbia in Power Plant Venture
Gregory Power Partners (GPP), a joint venture between LG&EPower and Columbia Energy’s Columbia Electric Corp., securedfinancing Monday for a new gas-fired co-generation project nearGregory, TX, allowing the partnership to proceed with powercontract obligations with Reynolds Metal Co., the second largestU.S. aluminum producer. Terms of the financing were not disclosed.
TEPPCO Completes Duke Liquids Acquisition
TEPPCO Partners, L.P. has announced the completion of itsacquisition of the oil and natural gas liquids (NGL) pipelinesbusiness of Duke Energy Transport and Trading Company (DETTCO) fromthe parent, Duke Energy.
Sempra Partners With HVAC Provider
Sempra Energy Solutions, the energy services unit of SempraEnergy, and Comfort Systems USA formed a strategic alliance todeliver energy solutions to mid-sized commercial and industrialcustomers. The companies will jointly market products and servicesinitially in California and the Western United States, andeventually nationwide.