Columbia Pipeline 2Q15: Investing $1.2B in NE Projects This Year

We don’t often or usually report on quarterly earnings/operational updates for pipeline companies since most of them operate across large parts of the country and they usually don’t break down their operations in their updates by region. But this one is different. Columbia Pipeline Group is the newly minted, completely independent company that was formerly a subsidiary of NiSource but now stands on its own two feet (see NiSource/Columbia Pipeline Divorce is Final). We believe it’s accurate to say that most of Columbia’s operations are concentrated in the Marcellus/Utica region. So we bring you a portion of their second quarter 2015 earnings/operations update below. Among the highlights: Columbia is on track to invest approximately $1.2 billion during 2015 and expects to triple its net investment level (over $3B!) by 2020–much of that dedicated to projects in the Marcellus/Utica…

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