Continuing on towards the goal of restoring its balance sheet to health, the Williams Companies (TWC) said Wednesday that it is finalizing a new $800 million credit facility primarily for the purpose of issuing letters of credit. The Tulsa-based company said it expects to complete the credit agreement by mid-June.
Articles from Restoring
Columbia Gas of Virginia reported late Thursday it had restored natural gas service to 84% of the nearly 4,000 customers in a Virginia suburb who were affected earlier this week when a delivery station near Dulles Airport lost pressure, forcing utility workers to go from home to home to shut off meters to prevent gas from leaking or other potential mishaps until pressure returned.
Morgan Stanley Capital Group Inc., a power marketer, is seekingan emergency cease and desist order directing the California ISO’sgoverning board to overturn its decision reducing the power pricecap to $500/MWh and to restore the temporary $750 cap. It furtherhas asked FERC to stay the ISO’s price-cap authority, and to stripit entirely of that power when an existing resolution expires inOctober.