Enron Corp. agreed late Wednesday to sell its natural gas pipeline business, CrossCountry Energy, to a joint venture of Southern Union Co. and a General Electric Co. unit in a transaction valued at $2.45 billion. CrossCountry holds Enron’s interest in three domestic gas pipelines, and is one of its final prized assets.
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Florida Pipes Report Drop-Off in Deliveries After Charley
The two major interstate natural gas pipelines serving hurricane-ravaged Florida — Florida Gas Transmission (FGT) and Gulfstream Natural Gas System — reported they survived Charley with nary a scratch, but that their gas deliveries into the Sunshine State were down due to the number of their customers (power generation plants) that were off-line.
Pipes Seek Antitrust Waiver to Coordinate Inspections, Repairs and Avert Price Spikes
A major interstate natural gas pipeline group last Tuesday called on a House subcommittee to consider granting pipelines an antitrust waiver so that they can coordinate their integrity assessments and repair activities to avoid spikes in already-high gas prices and service disruptions.
Pipes Seek Antitrust Waiver to Coordinate Inspections, Repairs and Avert Price Spikes
A major interstate natural gas pipeline group on Tuesday called on a House subcommittee to consider granting pipelines an antitrust waiver so that they can coordinate their integrity assessments and repair activities to avoid spikes in already-high gas prices and service disruptions.
Kinder Morgan Companies Begin Flow on Two New Gas Pipes
Kinder Morgan Inc. (KMI) and Kinder Morgan Energy Partners LP. (KMP) said last week that service has begun on two new natural gas pipelines in Texas and Colorado, and CEO Richard Kinder said the companies remain on target to reach their earnings guidance for the year at $3.71 for KMI and $2.84 per KMP distribution unit.
Kinder Morgan Companies Begin Flow on Two New Gas Pipes
Kinder Morgan Inc. (KMI) and Kinder Morgan Energy Partners LP. (KMP) said Tuesday that service has begun on two new natural gas pipelines in Texas and Colorado, and CEO Richard Kinder said the companies remain on target to reach their earnings guidance for the year at $3.71 for KMI and $2.84 per KMP distribution unit.
Industry Study: Delays in Building Pipes, LNG Projects Will Cost Consumers $200B
A natural gas industry study scheduled for release in mid-July says that a two-year delay in building gas pipelines and liquefied natural gas (LNG) terminals will cost U.S. gas consumers more than $200 billion by 2020.
Industry Study: Delays in Building Pipes, LNG Projects Will Cost Consumers $200B
A natural gas industry study destined for release in mid-July says that a two-year delay in building gas pipelines and liquefied natural gas (LNG) terminals will cost U.S. gas consumers more than $200 billion by 2020.
SCANA to Merge Interstate, Intrastate Pipes into a Single Southeast System
Columbia, SC-based SCANA Corp. said Friday it plans to merge its interstate natural gas pipeline subsidiary and intrastate pipeline subsidiary into a single interstate pipeline over the next six months, citing FERC’s stiffer affiliate-abuse standards and an increasing customer interest in managing their purchasing portfolios as the reasons.
SCANA to Merge Interstate, Intrastate Pipes into Single Southeast System
Columbia, SC-based SCANA Corp. said Friday it plans to merge its interstate natural gas pipeline subsidiary and intrastate pipeline subsidiary into a single interstate pipeline over the next six months, citing FERC’s stiffer affiliate-abuse standards and an increasing customer interest in managing their purchasing portfolios as the reasons.