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Stock Market & Financial Investment News

News Breaks
November 13, 2012
07:45 EDTWPZ, PNY, COGPiedmont Natural Gas announces investment in Constitution Pipeline project
Piedmont Natural Gas (PNY) announced its equity investment in Constitution Pipeline Company, a natural gas pipeline project slated to transport natural gas supplies from the prolific Marcellus supply region in northern Pennsylvania to major northeastern markets. The project is scheduled to be in service by March 2015. Piedmont Natural Gas, through its wholly-owned subsidiary Piedmont Constitution Pipeline Company, joins Williams Partners (WPZ) and Cabot Oil and Gas (COG) as a 24% equity participant in the joint venture, and will invest an estimated $180M in the new project.
News For PNY;WPZ;COG From The Last 14 Days
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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.
March 18, 2015
17:22 EDTPNYPiedmont Natural Gas files for one time bill credits for customers in NC
Piedmont Natural Gas filed a request with the North Carolina Utilities Commission, or NCUC, for a one-time gas cost bill credit for its retail sales and transportation customers in North Carolina. The bill credit, if approved by the NCUC, would be reflected on April bills and for the typical Piedmont Natural Gas residential customer would amount to approximately $35, including a small adjustment associated with applicable sales taxes. Piedmont has requested and received approval from the NCUC to reduce the wholesale commodity cost of natural gas in its billing rates in each of the past three months as a result of falling wholesale natural gas prices. The proposed bill credits reflect further reductions in the wholesale commodity cost of natural gas as well as lower transportation and storage costs under third party pipeline capacity contracts. Bill credits from lower gas costs would total approximately $45 million in the aggregate and would occur in April; typical residential customer would see bill reduction of approximately $35.
13:13 EDTCOGAnalyst recommends buying top E&P names before crude finds its bottom
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07:21 EDTCOGE&P stocks should be bought on weakness, says Stifel
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March 17, 2015
10:00 EDTCOGOn The Fly: Analyst Upgrade Summary
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09:10 EDTCOGCabot Oil & Gas upgraded to Buy from Accumulate at Global Hunter
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