Natural Gas Utilities

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New Jersey Resources Corp gives FY 2016 net financial earnings guidance

Tuesday, 24 Nov 2015 07:00am EST

New Jersey Resources Corp:Expects FY 2016 net financial earnings to be in a range of $1.55 to $1.65 per basic share.

Fernheizwerk Neukoelln raises FY 2015 EBIT outlook

Wednesday, 18 Nov 2015 11:45am EST

Fernheizwerk Neukoelln AG:Now sees FY 2015 EBIT at about 7.6 million euros, 8.5 pct above previous year's value.Previously saw FY 2015 EBIT at previous year's level.

Grandblue Environment to set up joint venture

Tuesday, 17 Nov 2015 07:00pm EST

Grandblue Environment Co., Ltd:To set up a joint venture in Beijing, with three companies and five individuals.The joint venture will be engaged in project investment, asset management, investment management, investment consulting business, with a registration capital of 80 mln yuan.The company will hold a 12.50 pct stake in the joint venture.

Energy Transfer Partners LP and Sunoco LP announces about $2.226 Billion dropdown of remaining wholesale fuel and retail marketing assets

Monday, 16 Nov 2015 06:45am EST

Energy Transfer Partners LP and Sunoco LP:Announce approximately $2.226 billion dropdown of remaining wholesale fuel and retail marketing assets.Says transaction is immediately accretive to distributable cash flow and distributions for sun.Including working capital, etp expects to receive approximately $2.2 billion in cash proceeds to fund part of its 2016 capital program.Says Sunoco does not anticipate any equity issuance in 2016.Says transaction is also expected to be credit neutral to Sunoco.Says for etp, this transaction is expected to be breakeven to distributable cash flow for 2016 and beyond.Sunoco -group of private investors, ete have fully committed to purchase $750 million of sun common units in private placement, at gross price of $31/unit.Pro forma for dropdown transaction,related equity private placement,etp will remain largest unitholder of sun with approximate 46% lp interest.Dropdown to Sunoco of remaining 68.42% interest in Sunoco llc and 100% interest in legacy Sunoco retail business.Says Sunoco to also issue to Energy Transfer Partners about 5.7 million Sunoco common units valued at about $194 million.


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