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Released February 26, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
EARNINGS REPORTS
Calpine Boosts Annual Net Income - Power generator Calpine Corporation reported full-year 2019 net income of $770 million, compared with $10 million in the prior year. The company pointed to an increase in commodity margins in certain segments as part of the reason for the income increase. (Business Wire)
LNG
Venture Global Signs LNG Sales Agreement with EDF - Venture Global LNG announced that it signed a sales agreement for 1 million tonnes per year of liquefied natural gas (LNG) with Electricite de France (EDF) from its planned LNG plant in Plaquemines Parish, Louisiana. (Project 300229540) (PR Newswire)
PIPELINES
U.S. Supreme Court Appears to Lean in Favor of Atlantic Coast Natural Gas Pipeline - The U.S. Supreme Court on Monday appeared poised to rule against environmental groups and find that the federal government had authority to grant approval for a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. Environmental groups including the Sierra Club and Southern Environmental Law Center had sued to stop the pipeline after the U.S. Forest Service gave the green light for the project through the George Washington National Forest. Dominion Energy (NYSE:D) leads a consortium of companies in the project that also includes Duke Energy Corporation (NYSE:DUK). (Reuters) (Projects 300167416, 300168124, 300168253)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
EARNINGS REPORTS
Calpine Boosts Annual Net Income - Power generator Calpine Corporation reported full-year 2019 net income of $770 million, compared with $10 million in the prior year. The company pointed to an increase in commodity margins in certain segments as part of the reason for the income increase. (Business Wire)
LNG
Venture Global Signs LNG Sales Agreement with EDF - Venture Global LNG announced that it signed a sales agreement for 1 million tonnes per year of liquefied natural gas (LNG) with Electricite de France (EDF) from its planned LNG plant in Plaquemines Parish, Louisiana. (Project 300229540) (PR Newswire)
PIPELINES
U.S. Supreme Court Appears to Lean in Favor of Atlantic Coast Natural Gas Pipeline - The U.S. Supreme Court on Monday appeared poised to rule against environmental groups and find that the federal government had authority to grant approval for a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. Environmental groups including the Sierra Club and Southern Environmental Law Center had sued to stop the pipeline after the U.S. Forest Service gave the green light for the project through the George Washington National Forest. Dominion Energy (NYSE:D) leads a consortium of companies in the project that also includes Duke Energy Corporation (NYSE:DUK). (Reuters) (Projects 300167416, 300168124, 300168253)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
