Gas Transmission Pipeline

Home>Topics>Gas Transmission Pipeline
Refine Results
  1. All
  2. Articles
  3. Online Articles
  4. Magazine Articles
  5. Videos
  1. Dominion Midstream completes acquisition of stake in Iroquois Gas Transmission System

    Dominion Midstream Partners LP (NYSE: DM) has closed its acquisition of a 25.93% ownership interest in Iroquois Gas Transmission System LP. Dominion Midstream issued approximately 8.6 million common units to affiliates of National Grid plc and New Jersey Resources Corp. to acquire their ownership interests in Iroquois. Approximately 6.8 million units were issued to National Grid, and approximately 1.8 million units were issued to New Jersey Resources. National Grid and New Jersey Resources have agreed to certain transfer restrictions applicable to such units including, with certain exceptions, a general one-year lockup period, and have been granted certain registration rights and piggyback registration rights with respect to future Dominion Midstream equity offerings. No public market issuance of units was made in connection with these transactions.  Iroquois Gas Transmission System LP, is a Delaware limited partnership that owns and operates a 416-mile, FERC-regulated natural gas transmission pipeline extending from the Canada-US border near Waddington, New York, through New York and Connecticut to South Commack, New Yorki, on Long Island and Hunts Point, New York, in the Bronx. The ownership stake in Iroquois is expected to contribute about $20 million annually in cash flows to Dominion Midstream. The partnership expects that those cash flows and cash flows associated with Dominion Midstream's existing preferred equity interest in Cove Point and ownership of Dominion Carolina Gas Transmission will be sufficient to support annual cash distribution growth at Dominion Midstream at the targeted rate of 22% through 2016. Dominion Midstream has no plans to acquire the 24.72% ownership interest in Iroquois currently held by Dominion Gas Holdings LLC, a wholly owned subsidiary of Dominion Resources.    

    Online Articles

    Online Articles

    Wed, 30 Sep 2015

  2. CPUC penalizes PG&E $1.6B for deadly San Bruno gas pipeline blast

    The California Public Utilities Commission (CPUC) orders Pacific Gas and Electric Company (PG&E) shareholders to pay $1.6 billion for the unsafe operation of its gas transmission system , including the deadly 2010 blast in San Bruno, Calif.

    Online Articles

    Online Articles

    Fri, 10 Apr 2015

  3. PennEnergy Power Newscast 4-16-2015

    PennEnergy Power Newscast 4-16-2015

    3:14

    Video

    Video

    Thu, 16 Apr 2015

    3:14

  4. 1Derrick US M&A weekly update

    1Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of October 31 – November 4.

    Online Articles

    Online Articles

    Mon, 7 Nov 2016

  1. Dominion Midstream to buy Questar Pipeline

    Online Articles

    Online Articles

    Wed, 2 Nov 2016

  2. Dominion Midstream to acquire interests in Iroquois Gas Transmission System

    Dominion Midstream Partners LP has entered into agreements with affiliates of National Grid plc and New Jersey Resources Corp. to acquire ownership interests in Iroquois Gas Transmission System LP, in exchange for the issuance of 8.6 million common units in Dominion Midstream having an agreed-upon ...

    Online Articles

    Online Articles

    Tue, 18 Aug 2015

  3. PG&E President testifies before Senate panel on pipeline safety following San Bruno blast

    Pacific Gas and Electric Company President Chris Johns testified about pipeline safety at a hearing of the U.S. Senate Commerce, Science and Transportation Committee's Surface Transportation and Merchant Marine Infrastructure, Safety and Security Subcommittee.

    Online Articles

    Online Articles

    Tue, 28 Sep 2010

  4. ALSTOM wins further gas turbine order for UK gas transmission system

    ALSTOM has won a further order to supply gas turbines for two new main pipeline compressor stations on the UK gas transmission system .

    Online Articles

    Online Articles

    Mon, 20 Jan 2003

  5. El Paso Corp. announces sale of interest in Portland Natural Gas Transmission System

    El Paso Corp. announced that it executed an agreement to sell its 29.64-percent interest in Portland Natural Gas Transmission System (PNGTS) to TransCanada Corp. for approximately $56 million.

    Online Articles

    Online Articles

    Mon, 20 Oct 2003

  6. Atlantic Coast Pipeline signs construction contract with Spring Ridge Constructors

    Atlantic Coast Pipeline, which has proposed a 600-mile natural gas transmission pipeline to bring much-needed energy to Virginia and North Carolina, announced it has signed a construction contract with Spring Ridge Constructors, LLC.

    Online Articles

    Online Articles

    Wed, 21 Sep 2016

  7. Atlantic Coast Pipeline hires main construction contractor

    Atlantic Coast Pipeline LLC, which has proposed a 600-mile, 1.5-bcfd natural gas transmission pipeline to bring Marcellus-Utica shale gas to Virginia and North Carolina, has signed a construction contract with Spring Ridge Constructors LLC, a joint venture of pipeline construction companies Price ...

    Online Articles

    Online Articles

    Thu, 22 Sep 2016

  8. PHMSA proposal would broaden gas pipeline safety requirements

    The US Pipeline & Hazardous Materials Safety Administration proposed broader natural gas transmission pipeline safety regulations that would add new assessment and repair criteria, and include lines in medium population density areas, called moderate consequence areas, where an incident would pose ...

    Online Articles

    Online Articles

    Thu, 17 Mar 2016

Get More Results