Mo. regulators ask FERC to reconsider Spire STL Pipeline allowed return
The Missouri Public Service Commission asked the Federal Energy Regulatory Commission to reconsider its approval of the Spire STL Pipeline LLC's project that will bring natural gas to the St. Louis area.
In an Aug. 31 rehearing request, the state regulators said the 14% return on equity approved by FERC for the Spire St. Louis project is "arbitrary and capricious" and that the commission had not shown that the return level would be in the public interest. The Missouri PSC said it hopes FERC will grant a rehearing and modify or revoke the August certificate order to adjust the return on common equity.
Kinder Morgan unit, Canadian government close C$4.5B sale of Trans Mountain
Kinder Morgan Canada Ltd. closed its sale of the Trans Mountain oil pipeline system and the C$7.4 billion expansion project to the government of Canada for C$4.5 billion.
The deal was carried out through Trans Mountain Corp., a subsidiary of the Canada Development Investment Corp., which manages the investments and corporate interests of Canada. The closing follows Kinder Morgan shareholders voting 99% of shares in favor of the transaction.
Alberta to pull out of federal climate plan after court ruling on Trans Mountain
Alberta will back out of Canada's federal climate change plan if the Trans Mountain oil pipeline expansion does not push through, Premier Rachel Notley said in response to an appeals court ruling that stalled the C$7.4 billion project.
Ontario board approves combination of Enbridge Gas, Union Gas utilities
The Ontario Energy Board allowed Enbridge Inc. utilities Enbridge Gas Distribution Inc. and Union Gas Ltd. to combine into a single utility serving a collective total of 3.7 million customers in the province.
Enbridge plans to review the board's decision to determine if and how the company would proceed with the amalgamation, according to an Aug. 30 news release. If the company goes forward with combining the utilities, the reorganization is scheduled to become effective in 2019.
Columbia Gas of Virginia asks to raise revenue to recover safety investments
Columbia Gas of Virginia Inc. asked the Virginia State Corporation Commission to raise the utility's base rates to recover the costs of infrastructure investment programs.
If approved, a typical residential customer would see an increase of $5.61 per month, or about 7.5%, on an average monthly gas bill.