Careful about El Paso Pipeline Partners at FinGad.com

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Categorie: Equities
Submitted about 1 year ago by

Anderson , Senior Architect at Computer Merchants

El Paso Pipeline Partners The name El Paso sounds more like a Mexican delicacy, in reality its a Delaware limited partnership formed by El Paso Corporation, more of a subsidiary. It owns and operates natural gas transportation pipelines, storage and other midstream assets. Wyoming Interstate Company, Ltd., or WIC, a wholly-owned interstate pipeline transportation business primarily located in Wyoming and Colorado and 10% general partner interests in two interstate pipeline transportation businesses: Colorado Interstate Gas Company, or CIG, which is located in the U.S. Rocky Mountains, and Southern Natural Gas Company, or SNG, which is located in the southeastern United States form its assets. 12,300 miles of pipeline and associated storage facilities form the interstate pipeline businesses. It owns underground working natural gas storage capacity is 89 Bcf. El Paso is the largest operator of interstate natural gas pipelines in North America. As of June 30, 2007, El Paso owned 43,000 miles of interstate pipeline and 233 Bcf of working natural gas storage capacity that connect many of the major domestic natural gas producing basins to the major domestic consuming markets. BCF is abbreviation for billion cubic feet. This is how quantity of gas is measured. El Paso Pipeline Partners' customers include local distribution companies, industrial users, electric... More...

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