Preliminary

The Federal Energy Regulatory Commission has awarded Texas Eastern Transmission (Tetco) a preliminary determination (PD) on non-environmental issues for a pipeline looping and compression expansion of its mainline system to serve expanding natural gas markets in Alabama, Georgia and North Carolina.

The Federal Energy Regulatory Commission has awarded Texas Eastern Transmission (Tetco) a preliminary determination (PD) on non-environmental issues for a pipeline looping and compression expansion of its mainline system to serve expanding natural gas markets in Alabama, Georgia and North Carolina.

The Federal Energy Regulatory Commission has voted to issue a preliminary determination (PD) to Greenbrier Pipeline Co. LLC’s $497 million pipeline project that, when completed, would serve the natural gas demands of the burgeoning power generation market in the Southeast and Mid-Atlantic regions, primarily in Virginia and North Carolina (CP02-396).

The Delaware Chancery Court has issued a preliminary injunction that may prevent Unocal Corp. from completing an offer to exchange the common stock shares of Pure Resources Inc. Unocal subsidiary Union Oil Company of California already owns 65% of Pure, and it launched its exchange offer last month to acquire the remaining 35% (see Daily GPI, Sept. 6).

The Federal Energy Regulatory Commission last week awarded a preliminary determination (PD) on environmental issues to CMS Trunkline LNG Co. LLC to expand what already is the largest North American liquefied natural gas (LNG) terminal near Lake Charles, LA, by adding on a second marine unloading dock and enlarging its storage and sendout capabilities.

The Federal Energy Regulatory Commission has awarded a preliminary determination (PD) on environmental issues to CMS Trunkline LNG Co. LLC to expand what already is the largest North American liquefied natural gas (LNG) terminal near Lake Charles, LA, by adding on a second marine unloading dock and enlarging its storage and sendout capabilities.

With its share price brutalized July 19 after preliminary second quarter earnings announcements (see NGI, July 22), the corporate credit, long-term debt and preferred-stock ratings of Nicor Inc. and subsidiary Nicor Gas Co. were placed on CreditWatch with negative implications by Standard & Poor’s last Monday. The ratings service said the actions reflect problems related to the company’s 50% ownership in retail marketer Nicor Energy LLC, “possible improper behavior” within the company’s performance-based rate (PBR) program and the “immediate and severe negative market reaction to the company’s announcements.”

With its share price brutalized last week after preliminary second quarter earnings announcements (see Daily GPI, July 22), the corporate credit, long-term debt and preferred-stock ratings of Nicor Inc. and subsidiary Nicor Gas Co. were placed on CreditWatch with negative implications by Standard & Poor’s Monday. The ratings service said the actions reflect problems related to the company’s 50% ownership in retail marketer Nicor Energy LLC, “possible improper behavior” within the company’s performance-based rate (PBR) program and the “immediate and severe negative market reaction to the company’s announcements.”

With its share price brutalized last week after preliminary second quarter earnings announcements (see Daily GPI, July 22), the corporate credit, long-term debt and preferred-stock ratings of Nicor Inc. and subsidiary Nicor Gas Co. were placed on CreditWatch with negative implications by Standard & Poor’s Monday. The ratings service said the actions reflect problems related to the company’s 50% ownership in retail marketer Nicor Energy LLC, “possible improper behavior” within the company’s performance-based rate (PBR) program and the “immediate and severe negative market reaction to the company’s announcements.”