The Pennsylvania Public Utility Commission (PUC) Friday approved a settlement agreement allowing Equitable Resources Inc. to buy Dominion Peoples. But shortly thereafter, the Federal Trade Commission (FTC) filed in federal court for a temporary restraining order and preliminary injunction to stop the $970 million acquisition.
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FTC Files to Block Equitable-Dominion Peoples Merger
The Pennsylvania Public Utility Commission (PUC) last Friday approved a settlement agreement allowing Equitable Resources Inc. to buy Dominion Peoples. But shortly thereafter, the Federal Trade Commission (FTC) filed in federal court for a temporary restraining order and preliminary injunction to stop the $970 million acquisition.
Tennessee Blast in KY Causes No Injuries or Service Cuts
No injuries or interruptions of service resulted from a rupture of Tennessee Gas Pipeline in rural Clark County, KY shortly after noon July 22, a spokesman said.
Tennessee Blast in KY Causes No Injuries or Service Cuts
No injuries or interruptions of service resulted from a rupture of Tennessee Gas Pipeline in rural Clark County, KY shortly after noon Saturday, a spokesman said.
House Panel to Mark Up Bill Ending Higher State Taxes on Pipes
A House Judiciary subcommittee is expected to vote out a bill shortly that would bar states from assessing taxes on interstate natural gas pipelines at a higher rate than those levied on in-state industrial and commercial facilities.
Snowbelt Senators Say Stand-Alone Emergency LIHEAP Bill in the Works
Three Republican senators from snowbelt states have been assured by Senate leaders that a vote will be held shortly after Congress returns this month on a stand-alone emergency supplemental bill to provide $2 billion in additional funding for the Low Income Home Energy Assistance Program (LIHEAP) this winter.
WSI: While Much of U.S. Warms Up, New England to Remain Cooler Through April
While it appears the Southeast is likely to come out of its freeze shortly, New England, the Northern Rockies and Plains are expected to remain cold for the foreseeable future, according to Billerica, MA-based WSI Corp.’s latest seasonal outlook, which covers the February to April period.
WSI: While Much of U.S. Warms Up, New England to Remain Cooler Through April
While it appears the Southeast is likely to come out of its freeze shortly, New England, the Northern Rockies and Plains are expected to remain cold for the foreseeable future, according to Billerica, MA-based WSI Corp.’s latest seasonal outlook, which covers the February to April period.
Houston Judge to Rule on CFTC Subpoena of Platts Documents
A district judge was expected to rule shortly on whether McGraw-Hill Cos. subsidiary Platts would be required to turn over its natural gas trading data to the Commodities Futures Trading Commission (CFTC) following a hearing in Houston last Monday. The CFTC subpoenaed the data as part of an investigation into market manipulation during the western energy crisis.
Lili Wobbles and Futures Fall Down
After spiking to a new 15-month high shortly after the opening bell, natural gas futures cascaded lower throughout the session Tuesday as traders took profits on forecasts showing Hurricane Lili may not be as “well-organized” a storm as once thought. Plumbing down to the psychologically important $4.00 level near the close, the November contract was hit hardest by the selling. It finished at $4.067, down 7.1 cents for the session.