Southern Union Co. renegotiated its franchise agreement with thecity of El Paso, TX, last week, the company said. Under the termsof the deal, Southern Union will receive a cost-of-service revenueincrease of $650,000, but it did not disclose the deal’s totalvalue. The agreement was unanimously approved by the El Paso CityCouncil on Feb. 22.
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Southern Union Renews El Paso Franchise Deal
Southern Union Co. renegotiated its franchise agreement with thecity of El Paso, TX, earlier this week, the company said. Under theterms of the deal, Southern Union will receive a cost-of-servicerevenue increase of $650,000, but it did not disclose the deal’stotal value. The agreement was unanimously approved by the El PasoCity Council on Feb. 22.
Tennessee Renews LDC Contracts
As a result of an almost two-year effort, Tennessee Gas Pipelineannounced yesterday it has renegotiated contracts for 80% of thefirm transportation capacity that’s due to expire on its system inNovember 2000. At the same time, the pipeline said it has fullyrecontracted its storage capacity, a large chunk of which wasscheduled to expire also.