Duke Energy Field Services LLC (DEFS) filed Form 15 with the Securities and Exchange Commission Monday to suspend reporting under the Securities Exchange Act of 1934. The company said it is eligible for the suspension because it has fewer than 300 security holders. DEFS said it plans to continue providing investors with quarterly financial statements and annual audited financial statements through its web site at http://www.defs.com. Denver-based DEFS was formed by combining the Duke Energy and ConocoPhillips natural gas gathering and processing businesses. The company operates or has ownership in 66 plants and 59,000 miles of pipeline. Current handled volumes total 7.3 TBtu/d of natural gas and 363,000 bbl/d of gas liquids. DEFS also owns the general partnership share of TEPPCO Partners L.P., a publicly traded master limited partnership primarily engaged in the transportation of petroleum products.
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TransCanada, ConocoPhillips End LNG Project in Harpswell, ME, But May Site Elsewhere
TransCanada Corp. and ConocoPhillips said Wednesday they will suspend further work on their planned Fairwinds liquefied natural gas (LNG) project in Harpswell, ME, after the town residents earlier this week voted not to lease the former U.S. Navy Fuel Depot site to build terminal and regasification facilities.
Southeastern Utilities Suspend Efforts to Form SeTrans RTO
Backers of a proposed regional transmission organization (RTO) in the Southeast known as SeTrans last week said that they are suspending efforts related to forming the RTO, saying that it is “highly unlikely that consensus support and acceptance for the SeTrans RTO will be forthcoming from all applicable state and federal agencies.”
El Paso Shippers Protest CA Settlement as Incomplete, Call it a Delaying Tactic
Arizona regulators and East-of-California (EOC) shippers have asked FERC to suspend action on El Paso Natural Gas pipeline’s settlement of California claims until the company files the complete settlement document. The pipeline’s submission of a partial settlement is “merely a tactic” to delay a Commission ruling in the natural gas-price manipulation case against El Paso, they allege.
El Paso Shippers Protest CA Settlement as Incomplete, Call it a Delaying Tactic
Arizona regulators and East-of-California (EOC) shippers have asked FERC to suspend action on El Paso Natural Gas pipeline’s settlement of California claims until the company files the complete settlement document. Submitting an incomplete settlement is “merely a tactic” to delay a Commission ruling in the natural gas-price manipulation case against El Paso, they allege.
CA Regulators Suspend Direct Access, Okay Rate Changes
California’s sharply divided energy regulators last Thursday suspended direct access to retail electric customers in the state and okayed one other major rate change necessary to begin the process of selling $13 billion in state electricity revenue bonds. The actions were effective immediately and allow existing direct access customers to continue their current arrangements.
Destin Pleads to Keep Blanket Certificate Authority
Destin Pipeline Co. L.L.C. has beseeched FERC not to suspend itsPart 157 blanket certificate authority for six months, which woulddeny it access to the more streamlined certificate procedures forconstructing projects during that period. Without it, the pipelinewould have to seek Section 7 approval under the Natural Gas Act(NGA) for each project at the Commission.