JONAH GAS
September 1st, 2001
BY MONICA DOBIETHE TEXAS Eastern Products Pipeline Company (TEPPCO) has anounced it will acquire Jonah Gas Gathering Company, a subsidiary of Canada's Alberta Energy Company for approximately US$360 million. TEPPCO will acquire 300 miles of pipeline, five compressor stations totaling 33,000 horsepower and related metering facilities. Providing regulatory requirements are met, the transaction is to be completed by October. Meanwhile, the company is building 50 miles of new 20-inch diameter pipeline and additional compression facilities for completion by early ...
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