Steal

Southern Union President Thomas F. Karam believes he got a steal with the purchase of Panhandle Energy from CMS Energy. In an interview with NGI last week, Karam said the new pipelines, storage fields and the nation’s biggest liquefied natural gas (LNG) import terminal will provide Southern Union with a 35-50% increase in earnings this year and a substantial increase in cash flow.

Southern Union’s purchase of Panhandle Energy from CMS Energy was a steal that will lead to a significant increase in earnings and cash flow for Southern this year and in the upcoming years, Southern Union President Thomas F. Karam said in an interview with NGI.

Senate Energy Chairman Frank Murkowski last week took anothershot at what’s fast becoming his favorite target — FERC. Hechided the Commission for failing to take punitive action againstelectric utilities that “improperly” took power from the grid lastsummer, which lead to near-blackout situations in the Midwest.

Senate Energy Chairman Frank Murkowski yesterday took anothershot at what’s fast becoming his favorite target — FERC. Hechided the Commission for failing to take punitive action againstelectric utilities that “improperly” took power from the grid lastsummer.