April 25, 1997
Santa Fe Pacific Pipeline Partners L.P. said it is joining TransCanada Pipelines Ltd. in an $8.5-million venture to construct and operate a transmix processing facility at Santa Fe's Colton terminal. The facility, which is expected to start operating in early 1998, will convert transmix into finished petroleum products. Transmix is the mixture of gasoline and distillate products that occurs as a result of pipeline and terminal operations.
September 6, 1991 |
PG&E to Sell Subsidiary: Pacific Gas & Electric Co. said it has agreed in principle to sell Pacific Gas Transmission Co., a wholly owned subsidiary, to TransCanada PipeLines Ltd. of Calgary, Alberta. Pacific Gas Transmission owns a 612-mile natural gas pipeline system running between British Columbia and the Oregon-California border. The purchase price is expected to be $290 million to $350 million, which will also cover the subsidiary's 49% interest in Alberta Natural Gas Co.
July 30, 1995 |
An explosion north of Brandon in Manitoba ripped through a natural gas pipeline owned by TransCanada Pipelines Ltd., Canadian media reported. The early morning blast sent a huge fireball into the sky, the Canadian Press news agency reported. The pipeline's gas supply was cut off, and the fire was extinguished an hour later. No one was injured in the explosion, which took place about 120 miles west of Winnipeg.
August 10, 1993
Alpharel Inc. said its second-quarter net income nearly tripled on a 22% revenue gain. The Camarillo supplier of software for document managing earned $180,000 in the three months ended June 30, compared with a $61,000 profit a year earlier. Its revenue jumped to $1.7 million from $1.4 million in 1992's second quarter. For the six months, Alpharel's profit climbed to $476,000 from $122,000, while revenue rose to $3.6 million from $2.8 million a year earlier.
April 14, 2009 |
The Commerce Department announced its opposition to a proposed massive floating liquefied natural gas terminal in Long Island Sound. Environmentalists and politicians in New York and Connecticut have campaigned for years to stop what would be the world's first floating liquefied natural gas terminal. About the size of the Queen Mary 2, the terminal would be the length of four football fields, about eight stories high and located nine miles off Long Island. After New York Gov. David A. Paterson ruled against the project last year, Broadwater -- a consortium of Shell Oil and TransCanada Pipelines Ltd. -- appealed to the Commerce Department.