Saying the gas pipeline’s request was “reasonable,” the Federal Energy Regulatory Commission last week gave the North Baja Pipeline LLC the go-ahead to factor in the value of loaned natural gas when computing collateral requirements for credit-risky shippers.
Releasing
Articles from Releasing
WGL Delays Earnings Release Pending Regulatory Finding
WGL Holdings, Inc. said Tuesday it has delayed releasing its company’s earnings due to a notice of hearing issued by the Public Service Commission of the District of Columbia. The hearing will look into the basic rates, charges and terms and conditions of service of its subsidiary, Washington Gas Light Co.
October 30, 2002
EnCana Plans to Sell Marketing, Trading Unit
EnCana Corp. mentioned in releasing its first quarter results that it plans to discontinue energy marketing and trading operations to focus on core exploration and production activities in the United States and Canada. A company spokesman said last week that EnCana, which was formed by the merger of PanCanadian Energy and Alberta Energy Co., already has received some offers for the marketing unit, which includes 100 Houston employees and 2.3-2.7 Bcf/d of gas sales.
May 6, 2002
Anadarko Takes $827 Million Write-Down on 3Q
As a precursor to releasing its third quarter earnings next week, Anadarko Petroleum Corp. reported Friday that it will record a non-cash, pre-tax charge of $827 million, or $483 million after-taxes ($1.81 per diluted share) in the quarter as a result of low natural gas prices and unusually high differentials for heavy oil at the end of the quarter.
October 22, 2001
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