Energy Company's Pipe Dream
Why $3.3 Billion Northeast Energy Direct Pipeline Was Defeated
It’s a David and Goliath story. But instead of a slingshot, David in this case fired off a stiff legal challenge to defeat the giant.
Kinder Morgan
Digest (June 2014)
Algonquin Power & Utilities enters partnership with Siemens Canada for 10 wind turbines expected to start operation early next year; Strata Solar installs nine utility-scale solar projects in North Carolina; Ontario Power Generation establishes agreement with Westinghouse to consider nuclear plant refurbishment, decommissioning and remediation; JinkoSolar successfully connects solar power plant in Jiangsu Province; El Paso Pipeline acquires 50 percent interest in Ruby Pipeline from Kinder Morgan
El Paso to Buy Natural Gas Assets from Kinder Morgan for $2B
Submitted by aburr on Tue, 2014-05-06 12:26El Paso Pipeline Partners acquired from Kinder Morgan Inc., KMI’s 50 percent interest in Ruby Pipeline, 50 percent interest in Gulf LNG and 47.5 percent interest in Young Gas Storage. The transaction value is approximately $2 billion, including $1.012 billion of proportionate debt at Ruby and Gulf LNG, resulting in an equity purchase price of $972 million. EPB plans to fund 10 percent of the transaction value, net of the proportionate debt, with EPB common units that will be issued to KMI at closing valued at approximately $97.2 million.