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...The Oklahoma-based company operates more than 30,000 miles of pipelines, including the vast Transco system that ships shale gas from Texas to the east coast....
...A version of this article was first published by the Nikkei Asian Review on March 3, 2020. ©2020 Nikkei Inc. All rights reserved....
...Despite being next door to surging Appalachian supply, at the Transco Zone 6 New York trading hub, spot gas prices last week shot above $140 per million British thermal units....
...Another huge pipeline company, Enterprise Products, has expressed interest in buying Williams and its prized Transco pipeline that runs from Texas to the north-east US....
...Williams will also operate three of the leading interstate pipeline networks, including Transco which runs from Texas to the north east of the US....
...Another company, Williams, has proposed a new spur from its existing Transco pipeline to the borough of Brooklyn....
...’s customers and the tremendous pain that he inflicted on so many loyal PFG employees....
...The indictment contended that Mr Wasendorf “submitted and caused to be submitted year-end financial statements for PFG to the US Commodity Futures Trading Commission that overstated the value of PFG’s customer...
...Russell Wasendorf Sr, the CEO of collapsed brokerage firm Peregrine Financial Group (PFG), was indicted on Monday by a federal grand jury....
...Neugebauer, Republican chairman of the House financial services subcommittee on oversight and investigations, said: “I would have expected regulators to be particularly attentive to situations like the one at PFG...
...So I cheated, I falsified the very core of the financial documents of PFG, the bank statements.”...
...“With careful concealment and blunt authority I was able to hide my fraud from others at PFG,” his statement read, adding “everyone knew I was the guy in charge”....
...(Transco),” said Ernesto Pantangco, president of the Independent Power Producers Association. But the deal could still unravel because of political risks....
...National Grid Transco, the gas and electricity network operator, said maximum gas production from UK fields was likely to be about four per cent lower this winter than last year, which was lower than expected...
...I have long been an investor in National Grid Transco, whose dividends have produced a steady income of around 4-5 per cent a year....
...Woodford has invested 28 per cent of the fund in the utilities sector and the 10 largest holdings include National Grid Transco and Centrica....
...It is heavily invested in the defensive non-cyclical consumer goods and utility sectors with National Grid Transco and the US tobacco company, Reynolds American, its biggest holdings....
...National Grid Transco, down 4.3 per cent at 514.25p, was also hit by a downgrade by Dresdner Kleinwort Wasserstein which cut its recommendation to “reduce” from “outperform”....
...National Grid Transco rose 2 per cent to 504.5p after it said adopting IFRS would have a significantly positive impact on earnings....
...National Grid Transco was up 1.8 per cent to 463¾p on hopes it will return cash to shareholders when it completes the £5bn-plus sale of four of its UK gas networks, possibly as early as next week....
...Profit-taking hit National Grid Transco, owner of Britain’s electricity transmission network, steady at 463¾p after rising last week to as high as 478p in anticipation of Tuesday’s sale of its four gas distribution...
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