Firm Wants Tighter Credit Standards

Oil Daily, The, October, 2002

Firm Wants Tighter Credit Standards

Natural Gas Pipeline Co. of America, a unit of Kinder Morgan, is the latest US pipeline to ask federal energy regulators for permission to tighten credit standards to protect itself against shippers with financial problems.

The Federal Energy Regulatory Commission (FERC) is considering similar cases filed by Northern Natural Gas Co and Tennessee Gas Pipeline Co, in which those pipelines want the ability to seize gas if a shipper's credit deteriorates. The pipelines contend the changes are needed because they are prohibited from recouping bad debt through their rates.

Since the collapse of Enron and federal investigations into energy trading practices, many US energy trading firms and independent gas marketers...

Premium Content Partnership
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement