TransCanada Pipe Drops Price 42% to Compete with Marcellus/Utica
How low can you go, and still make money? That’s the question TransCanada is testing in a bid to compete with cheap Marcellus/Utica natural gas that is heading to Canada via new pipelines, including Energy Transfer’s Rover and Spectra Energy’s NEXUS pipelines. Last month MDN reported that TransCanada has a plan to use existing pipelines from Western Canada to Eastern Canada–from Alberta to Toronto–to ship more natural gas from west to east (see TransCanada’s Plan to Undercut/Displace Gas from the Marcellus). The aim is to make it less expensive to get gas from Western Canada, some 2,400 miles away, than from the Marcellus, just 400 miles away. As an interesting aside, even though TransCanada wants to compete with gas coming from the Marcellus/Utica, they recently bought a big piece of Marcellus/Utica infrastructure by buying Columbia Pipeline (see TransCanada and Columbia Pipeline Tie the Knot Today). If you can’t beat ’em, buy ’em. Here’s the latest on TransCanada’s low low low pipeline rates (42% less) to ship gas from Western Canada…
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Just when you thought things had finally settled down with midstream giant Williams, a new rumor is making the rounds. Brief history: Energy Transfer Equity’s (ETE) billionaire CEO Kelsy Warren propositioned Williams for over six months before going public with his overtures (see 
In March 2015, Dominion–a huge natural gas and electric utility as well as a midstream company–announced plans to build the State of Virginia’s largest natural gas powered electric generating plant, in Greensville County, VA (see 
We’re sorry to beat a dead horse (or goat, in this case) to death, but we can’t help it. We have another shining example of far-left environmental radicals who are bleating about the Federal Energy Regulatory Commission’s (FERC) change-up in the way they accepted public comments on the PennEast Pipeline project. We first reported the antis are up-in-arms two days ago (see 
Earlier this month MDN reported that oilfield services company Seventy Seven Energy (SSE), the former Chesapeake Oilfield Operating company, had popped out of bankruptcy in record time–just two months after declaring bankruptcy (see 
Pennsylvania residents: It’s time to (once again) show your support for the Atlantic Sunrise Pipeline project, a $3 billion, 198-mile project running through 10 Pennsylvania counties to connect Marcellus Shale natural gas from PA with the Williams’ Transco pipeline in southern Lancaster County. It is a much-needed pipeline to move more Marcellus gas south, to new markets. In the past MDN has asked you to sign letters going to the Federal Energy Regulatory Commission (FERC) and to the PA Dept. of Environmental Protection (DEP). And you, our dear readers, have been the most responsive audience to get behind the effort to support this project. Thank you! We’re coming to you again with a new request. 
The big news in the midstream world over the past year was the attempted merger/takeover of Williams by Energy Transfer Equity. That deal finally fell apart in June (see 
In July MDN reported that the Federal Energy Regulatory Commission (FERC) has approved Eastern Shore Natural Gas’ (ESNG) System Reliability Project (see 
How do you deal with people who are bullies and refuse to compromise? Answer: You defeat them and don’t give an inch in doing so. Crestwood Equity Partners (used to be Crestwood Midstream) bought a project years ago called Finger Lakes LPG–a proposed liquefied petroleum gas (i.e. propane) storage facility along the shoreline of Seneca Lake in beautiful Upstate New York. Seneca is one of the Finger Lakes. The facility would be built in a former, now depleted, salt mining operation. Salt mining was far more dangerous for the environment than a proposed underground propane storage facility would ever be–but you didn’t hear a peep about the salt mining operation from nutty environmentalists at the time. We’ve endlessly covered the antics of people like Sandra Steingraber–a professional anti-fracking agitator paid and on the staff of Ithaca College (funded by the Park Foundation). Steingraber opposes the Finger Lakes LPG facility because she has a visceral (and irrational) hatred for all fossil fuels–even though her house is heated with them, the school she “works” at is heated with them, the vehicle she drives is powered by them, etc. ad nauseum. Steingraber and dozens of others have been arrested a number of times for blocking the entrance to the facility. In a bid to compromise and address the concerns of Steingraber and others, Crestwood has, in our opinion, made a mistake. On Monday Crestwood sent a letter to the completely dysfunctional NY Dept. of Environmental Conservation (DEC) offering to scale back the LPG storage project–removing rail and truck shipments in and out of the facility–one of the major objections by Steingraber and other ninny nannies opposing the project. So what does the anti group “Gas Free Seneca” say to Crestwood’s gracious offer to meet them more than half way? They figuratively spit in the face of Crestwood. They demand the facility never get built. That’s the actions of bullies and profoundly unreasonable (not able to be reasoned with) people. Which is why we say, they must be totally, utterly, and completely defeated…