TransCanada PipeLines’ fast action last week in replacing its support for Millennium Pipeline — for the time being at least — with a less environmentally challenged new export route to the northeastern United States is just the latest action in the pipeline company’s campaign to drum up increased traffic or raise its rates to cover what it calls the costs of competition.
Revenues
Articles from Revenues
Consol Energy Beefs Up CBM Production Capacity in Mid-Atlantic
Pittsburgh, PA-based Consol Energy Inc., the second largest U.S. coal producer based on revenues, has entered into a deal to buy coalbed methane (CBM) gas production and pipeline gathering assets from Conoco Inc. to serve the expanding gas needs of power generators in the Pennsylvania, Virginia and West Virginia areas.
Consol Energy Beefs Up CBM Reserves for PA, WV and VA Generators
Pittsburgh, PA-based Consol Energy Inc., the second largest U.S. coal producer based on revenues, has entered into a deal to buy coalbed methane (CBM) gas production and pipeline gathering assets from Conoco Inc. to serve the expanding gas needs of power generators in the Pennsylvania, Virginia and West Virginia areas.
AEP Reveals Strong 1Q Results, Ups Year Estimate
Sparked by a 121% increase in revenues to $13.5 billion for the first quarter 2001, American Electric Power (AEP) announced earnings of $0.68 per share, a whopping 89% increase over the first quarter 2000’s level of $0.36 per share. The company attributed the earnings run to the strong performance of its wholesale business and the impact of the return to service of its Cook Nuclear Plant.
AEP Reveals Strong 1Q Results, Ups Year Estimate
Sparked by a 121% increase in revenues from $6.1 billion for the first quarter 2000 to $13.5 billion for the first quarter 2001, American Electric Power (AEP) announced ongoing earnings of $0.68 per share, a whopping 89% increase over the first quarter 2000’s level of $0.36 per share. The company attributed the earnings run to the strong performance of its wholesale business and the impact of the return to service of its Cook Nuclear Plant.
Altra Reports Revenues, Trades Up in 2000
Bucking the tech trend, five-year-old electronic trader AltraEnergy Technologies Inc., coming off a year of trading and revenueincreases, expects to make it into the black in this first quarterof 2001.
Altra Reports Revenues, Trades Up in 2000
Bucking the tech trend, five-year-old electronic trader AltraEnergy Technologies Inc., coming off a year of trading and revenueincreases, expects to make it into the black in this first quarterof 2001.
Report: E&P Company Profits Up, Spending Down
The numbers, it seems, don’t tell the entire story. Even thoughoil and gas industry upstream revenues, profits and cash flow areshowing record profits for 1999 compared with the previous year’scollapse, exploration and development spending dropped and provedreserves spending rose significantly, according to ArthurAndersen’s 21st annual Global E&P Trends survey.
Reliant Inks $250 M Gas Contract with Huntsman
Huntsman Corp., a Texas-based chemical company with $5 billionin revenues, selected Reliant Energy to supply gas to 10manufacturing facilities for $250 million. For competitive reasons,Reliant did not disclose the length of the contract or how much gaswill be supplied. It did say the contract has already gone intoservice.