Domingo, 19 Agosto, 2018

Energy Transfer Sells Stake In Troubled Rover Pipeline

Energy Transfer Sells Stake In Troubled Rover Pipeline Energy Transfer Sells Stake In Troubled Rover Pipeline
Malita Javier | 01 Agosto, 2017, 22:51

At closing of the transaction-expected to take place in the fourth quarter of 2017-HoldCo will be owned 50.1 percent by Energy Transfer and 49.9 percent by Blackstone, said ETP, which is also behind the controversial Dakota Access pipeline. Frank Pallone (D-NJ) sent a letter to the Federal Regulatory Energy Commission (FERC), requesting that the agency investigate "misstatements" made by Energy Transfer Partners during the construction of the Rover Pipeline.

The 700-mile Rover pipeline, the biggest natural gas pipeline under construction in the United States, is created to transport 3.25 billion cubic feet per day of domestically produced natural gas from the Marcellus and Utica Shale production areas to markets across the United States as well as Canada.

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Last month, West Virginia environmental regulators ordered the project to cease and desist some land development activities in the state over violations of state environmental regulations, until it fully complies with all rules.

Energy Transfer Partners (ETP) has entered into an agreement to sell 32.44% stake in the entity associated with the $4.22bn Rover pipeline project to Blackstone funds for about $1.57bn.

HSBC Holdings PLC (HSBC) Issues Quarterly Earnings Results
If you are accessing this story on another site, it was illegally copied and republished in violation of worldwide copyright law. On average, equities research analysts expect that HSBC Holdings PLC will post $2.95 EPS for the current fiscal year.

In June, Rover Pipeline LLC, a subsidiary of Energy Transfer Partners, agreed to pay $1.5 million annually for five years to the Ohio History Connection Foundation to compensate for damages to historic properties while constructing the pipeline.

The HoldCo owns a 65 percent interest in Rover Pipeline LLC.

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The upcoming video chat device will supposedly feature a wide-angle camera lens, microphones, and speakers for video conferencing. Facebook is getting deeper into hardware , with the objective of going after Amazon and its Echo-line of smart devices.

OH has asked for higher penalties over the spill of drilling mud into a wetland in Stark County in April. The two companies are constructing the Rover pipeline and will be the operator of the pipeline once in service, Energy Transfer said.

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