With a nine-year, locked-in rate of return of 11.22% and 52% equity, with $3.5 billion of free cash flow in the next three to five years and an imbedded average debt cost of 4.8%, Pacific Gas and Electric Co. appeared to be the obvious “star” Thursday on a panel of six fallen energy giants discussing the financial challenges of “Rising from the Ashes.”
Shines
Articles from Shines
El Paso Shines Up Line 2000 for Gas Conversion
El Paso Natural Gas this week received approval to begin the internal cleaning of its Line 2000, which would convert the former All American oil pipeline to gas service. The internal cleaning, or “pigging,” will begin at the La Paz pump station, and when this portion of the conversion is completed, the project will add about 230 MMcf/d of new capacity by Aug. 31.
July 19, 2001
KN’s Horizon Shines in Illinois, Wisconsin
KN Energy has discovered there is more than just cheddar cheeseproduction going on in Wisconsin these days. Potential customersfrom “all segments of the industry” showed interest in its proposedHorizon Pipeline project and have signed preliminary agreements for800 MMcf/d of firm capacity, the company said yesterday.
July 2, 1999
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