NiSource's Columbia Gas Transmission receives FERC approval of settlement NiSource's Columbia Gas Transmission received approval from FERC for a customer settlement that facilitates Columbia's comprehensive pipeline infrastructure investment plan. The settlement covers the initial five years of Columbia's investment plan and contains provisions for potential extension thereafter. Among other components, key elements of the settlement identify individual infrastructure projects and establish a mechanism for recovery of Columbia's revenue requirement for infrastructure investment under the plan. Under the settlement, Columbia will invest approximately $300M per year, in addition to a $100M investment in ongoing maintenance, over the 2013 through 2017 period on system improvements.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Columbia Pipeline (CPPL) initiated with a Buy at Citigroup... DBV Technologies (DBVT) initiated with a Buy at H.C. Wainwright... Genocea (GNCA) initiated with an Overweight at Piper Jaffray... NiSource (NI) initiated with a Neutral at JPMorgan... On Deck Capital (ONDK) initiated with a Sell at Compass Point... Rexel (RXEEY) initiated with an Overweight at Barclays... Shutterfly (SFLY) initiated with a Buy at Axiom... Virgin America (VA) initiated with an Underperform at Credit Suisse.