Splits

Part of Wall Street spoke quickly and cautiously last Tuesday despite the separation of the Canada-to-California interstate PG&E Gas Transmission-Northwest pipeline from the Chapter 11 bankruptcy filing made by its parent, the PG&E Corp.’s merchant energy group, earlier in the day. The pipeline still could be sold off in the bankruptcy proceeding, a spokesperson said.

Part of Wall Street spoke quickly and cautiously late Tuesday despite the separation of the Canada-to-California interstate PG&E Gas Transmission-Northwest pipeline from the Chapter 11 bankruptcy filing made by its parent, the PG&E Corp.’s merchant energy group, earlier in the day. The pipeline still could be sold off in the bankruptcy proceeding, a spokesperson said.

Duke Energy continued its organizational restructuring Tuesday, focusing on its pipeline and storage group, Duke Energy Gas Transmission (DEGT) and splitting it continent-wide into eastern and western divisions.

Pennsylvania regulators have said Philadelphia Gas Works (PGW) can retain 60% of the $17.58 million in over-collections that the utility had hoped to use to keep its debt-ridden operations afloat during the first month of the New Year.

Pennsylvania regulators have said Philadelphia Gas Works (PGW) can retain 60% of the $17.58 million in over-collections that the utility had hoped to use to keep its debt-ridden operations afloat during the first month of the New Year.

In deciding to focus on their respective core businesses, KinderMorgan and Tom Brown reported that they have entered into adefinitive agreement to dissolve their Wildhorse Energy Partners,LLC, joint venture and split the company’s assets.

A new Office of Energy Projects will oversee the engineering andenvironmental review aspects of pipeline certificates, splitting”our economic and non-economic regulatory efforts,” FERC ChairmanJames Hoecker said.

In an effort to encourage retail stock ownership and improveshare liquidity, the KN Energy board of directors announcedWednesday shareholders of record at the close of business Dec. 15will receive a three-for-two stock split and a 7.1% increase inquarterly dividends. The stock will be distributed and the increasewill be paid concurrently on Dec. 31.