By Syndicated Content
Jun 1, 2021 | 8:29 AM
(Reuters) – Pipeline operator Kinder Morgan Inc said on Tuesday it has agreed to buy Stagecoach Gas Services LLC, a natural gas pipeline and storage joint venture between Consolidated Edison Inc and Crestwood Equity Partners LP, for $1.23 billion.
(Reporting by Rithika Krishna in Bengaluru; Editing by Shounak Dasgupta) ); } return false; }); $( #comments .commentlist .comment-content a ).attr( target , blank );
});
/PRNewswire/ Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Consolidated Edison, Inc. (NYSE: ED) ("Con Edison") today announced that their.
Oil prices hit their highest level in more than two years as OPEC+ agreed to maintain its production cut plans while demand projections continue to improve.
- The average retail price for gasoline in the U.S. jumped above $3 per gallon last week, the highest price since 2014.
- Memorial Day travel is expected to be 50% higher than the same weekend in 2020.
- California saw the highest prices at over $4 per gallon, while Texas saw the lowest at $2.72.
Market Movers
Pembina Pipeline (TSE: PPL) will acquire Inter Pipeline (TSE: IPL) in an $8.3 billion all-stock deal, creating one of the largest pipeline companies in Canada.
Con Edison Reports 2021 First Quarter Earnings
News provided by
Share this article
Share this article
NEW YORK, May 6, 2021 /PRNewswire/ Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2021 first quarter net income for common stock of $419 million or $1.23 a share compared with $375 million or $1.13 a share in the 2020 first quarter. Adjusted earnings were $491 million or $1.44 a share in the 2021 period compared with $451 million or $1.35 a share in the 2020 period. Adjusted earnings and adjusted earnings per share in the 2021 period exclude the impact of the impairment loss related to Con Edison s investment in Stagecoach Gas Services, LLC (Stagecoach). Adjusted earnings and adjusted earnings per share in the 2021 and 2020 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments in certain renewable and sustainable electric production projects of Con Edison Clean Energy Businesses, Inc. (the Clean Ener