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Stock Market & Financial Investment News

News Breaks
December 20, 2012
17:00 EDTWPZ, DCaiman in $1.5B JV with Dominion to develop midstream assets
EnCap Flatrock also announced that midstream portfolio company Caiman Energy II has entered into an agreement with Dominion (D) to form a $1.5B joint venture that will provide midstream services to natural gas producers operating in the Utica shale in Ohio and Pennsylvania. Caiman Energy II and Dominion are expected to close on the formation of Blue Racer Midstream, LLC by the end of the year. Caiman will contribute up to $800M in equity commitments from sources that include EnCap Flatrock Midstream, Williams Partners (WPZ) and Highstar Capital. EnCap Flatrock will support Blue Racer by contributing up to $285M to Caiman Energy II, with Williams Partners contributing up to $380M, Highstar Capital contributing up to $95M, and Caiman’s management group contributing up to $40M. Dominion will contribute gathering and processing assets including Dominion East Ohio’s rich gas gathering system and the Natrium Extraction Plant currently under construction in Marshall County, West Virginia.
News For D;WPZ From The Last 14 Days
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April 1, 2015
07:48 EDTDDominion Midstream acquires Dominion's Carolina Gas Transmission for $495M
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March 19, 2015
16:15 EDTWPZWilliams announces FERC approval of Maryland natural gas pipeline
Williams announced that the Federal Energy Regulatory Commission has approved Transco’s application to expand its mainline pipeline system and construct an 11-mile pipeline lateral connecting Transco to an electric power generating facility in Cecil County, Md. The Rock Springs expansion project is designed to transport 192,000 dekatherms of natural gas per day to Old Dominion Electric Cooperative’s planned Wildcat Point Generation Facility. Transco’s Rock Springs expansion is among $4.8B in transmission projects Williams expects to place into service through 2017, the company noted.

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