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Stock Market & Financial Investment News

News Breaks
February 28, 2013
06:21 EDTRGP, ETP, ETERegency Energy Partners to host conference call
Conference call to discuss the acquisition of Southern Union Gathering Company, LLC, from Southern Union Company, a jointly owned affiliate of Energy Transfer Equity, L.P. and Energy Transfer Partners, L.P will be held on February 28 at 10 am. Webcast Link
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June 18, 2013
18:25 EDTETPVectren venture ProLiance disposes of gas marketing assets
Vectren (VVC) announced effective June 18, ProLiance Holdings, has disposed of certain of the net assets, along with the long term pipeline and storage commitments, of its wholesale natural gas marketing subsidiary, ProLiance Energy, to a subsidiary of Energy Transfer (ETP). ProLiance is jointly owned by affiliates of Vectren and Citizens Energy. Upon final adjustments for working capital, costs and fees associated with the disposition of these net assets, ProLiance expects to record a loss of between ($62M)-($67M). Vectren's after-tax share of the net loss to be recorded in Q2 is expected to be between ($26M)-($28M), or (32c)-(34c) per share. The loss associated with the disposition by Vectren's unconsolidated subsidiary, ProLiance, has no material cash flow impact to Vectren. Through the date of the disposition, Vectren's share of the 2013 expected operating losses are estimated to be (10c)-(12c) per share.
09:58 EDTETPEnergy Transfer owned pipeline explodes in Lousiana, Times-Picayune says
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June 5, 2013
17:32 EDTETE, ETPEnergy Transfer commences open season period on pipeline project
Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE), collectively Energy Transfer, commenced a binding open season for crude oil transportation service on the previously announced pipeline project from the crude oil terminalling hub near Patoka, Illinois to the Eastern Gulf Coast refinery market. Subject to the outcome of the binding open season and all necessary regulatory authorizations, the Eastern Gulf Crude Access Project, as the pipeline project has been renamed, will be capable of transporting up to 420,000 Bbls/d of crude oil from the Patoka Hub directly to refinery markets along the Mississippi River and the Louisiana Gulf Coast, including to the crude oil terminalling hub in St. James, Louisiana.
06:22 EDTRGPRegency Energy Partners to host investor day
Investor day to be held in Dallas on June 11 at 10 am. Webcast Link

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