Wins

A joint venture of Southern Union Co. and a General Electric Co. unit won the bidding war last week to acquire Enron Corp.’s prized domestic natural gas pipeline unit, CrossCountry Energy, in a transaction valued at $2.45 billion.

Enron Corp. agreed late Wednesday to sell its natural gas pipeline business, CrossCountry Energy, to a joint venture of Southern Union Co. and a General Electric Co. unit in a transaction valued at $2.45 billion. CrossCountry holds Enron’s interest in three domestic gas pipelines, and is one of its final prized assets.

For the relatively small price of a slight procedural delay, the Mackenzie Gas Project won the opening round of a regulatory fencing match with conservationists that had potential to cut the ground out from under the northern pipeline project.

For the relatively small price of a slight procedural delay, the Mackenzie Gas Project won the opening round of a regulatory fencing match with conservationists that had potential to cut the ground out from under the northern pipeline project.

FERC on Friday awarded Freeport LNG Development LP authorization under Section 3 of the Natural Gas Act to site, construct and operate a proposed liquefied natural gas (LNG) import terminal and natural gas pipelines facilities on Quintana Island in Brazoria County, TX.

Regardless of who wins the race to site the West’s first liquefied natural gas (LNG) receiving terminal, the new supplies will have to flow through San Diego-based Sempra Energy’s pipelines — whether or not they go to the California market.

Regardless of who wins the race to site the West’s first liquefied natural gas (LNG) receiving terminal, the new supplies will have to flow through San Diego-based Sempra Energy’s pipelines — whether or not they go to the California market.

While there is a great degree of variation in how utility holding companies manage the cash of their regulated local gas distribution company (LDC) subsidiaries, generally the ones that maintain separate cash management programs for their regulated LDCs have higher credit ratings, according to a new report from Moody’s Investors Service.

While there is a great degree of variation in how utility holding companies manage the cash of their regulated local gas distribution company (LDC) subsidiaries, generally the ones that maintain separate cash management programs for their regulated LDCs have higher credit ratings, according to a new report from Moody’s Investors Service.