Placed

Moody’s Investors Service placed Gas Transmission Northwest Corp.’s (GTN) B2 senior unsecured ratings under review for possible upgrade after the company on Wednesday announced its proposed sale to TransCanada Corp. for $1.5 billion, including assumption of $500 million in debt. TransCanada PipeLines Ltd., which has agreed to acquire GTN from bankrupt National Energy & Gas Transmission Inc., holds an A2 senior unsecured rating. GTN is not in bankruptcy, but the sale will have to be approved by the bankruptcy court and by federal regulators. “NEGT’s bankruptcy proceedings — the court-sanctioned auction process and the approval of the NEGT plan of reorganization — lend uncertainties, including whether another bidder will prevail in the auction, what the final sale price will be, and if and when the requisite approvals will be granted,” Moody’s noted. “The conclusion of the review will depend on the timing of these processes, which are expected to extend into this summer at the earliest.”

Pacific Gas & Electric did not extend a two-day high-inventory OFO beyond Saturday.

Williams’ Transcontinental Gas Pipeline (Transco) said Thursday that it has placed the first phase of its $189 million Momentum pipeline expansion into service, increasing capacity on its natural gas system by approximately 269,000 Dth/d.

Williams’ Transcontinental Gas Pipeline (Transco) said Thursday that it has placed the first phase of its $189 million Momentum pipeline expansion into service, increasing capacity on its natural gas system by approximately 269,000 Dth/d.

Sen. Ron Wyden (D-OR) last Monday placed a formal hold on the nomination of Joseph T. Kelliher to fill one of two vacant seats at the Federal Energy Regulatory Commission, according to the senator’s office.

Sen. Ron Wyden (D-OR) Monday placed a formal hold on the nomination of Joseph T. Kelliher to fill one of two vacant seats at the Federal Energy Regulatory Commission, according to the senator’s office.

Standard & Poor’s (S&P) Rating Services placed the credit rating of Southern Union Co. on CreditWatch with “negative implications” after the distribution company announced in late December that it and AIG HighStar Capital LP had reached a definitive deal to buy CMS Energy’s Panhandle natural gas pipelines and liquefied natural gas (LNG) facilities for an estimated $1.83 billion.

Standard & Poor’s (S&P) Rating Services placed the credit rating of Southern Union Co. on CreditWatch with “negative implications” Monday after the distribution company announced that it and AIG HighStar Capital LP had reached a definitive deal to buy CMS Energy’s Panhandle natural gas pipelines and liquefied natural gas (LNG) facilities for an estimated $1.83 billion.

Northwest Pipeline said it placed its Grays Harbor lateral in Washington State in service Friday as scheduled, even though construction of the facility that it was intended to serve — Duke Energy Grays Harbor LLC’s power plant — has been deferred due to the parent company’s cut-backs, and is far from completed.