The case that was argued Tuesday morning has a more modern focus: a huge liquefied natural gas storage and processing plant that BP wants to build on New Jersey's Delaware River shore in Logan Township.
The main asset sales Dynegy said it was negotiating include a partial sale of Northern Natural Gas, a 16,600-mile pipeline from Texas to the upper Midwest it acquired from Enron, and a partial sale of its natural gas storage and processing operations in Britain.
The balance is from a collection of nonregulated, energy-related businesses: oil and gas wells, pipelines and processing, power plants, gas storage and the marketing of gas to commercial and industrial customers, as well as other distribution companies.
Compression is used in all aspects of the natural gas industry including gas lift, reinjection of gas for pressure maintenance, gas gathering, gas processing operations (gas loading and discharge), transmission and distribution systems, boil-off system (gas storage and tanker for vapor control and to avoid releasing gas to atmosphere).
It also has facilities for gas storage and regasification.
TransCanada Corp. provides gas storage and related services.
The Wholesale segment includes portfolio management, electricity, gas storage and gas production.
Dominion, for example, is a major owner of gas pipelines, gas storage and gas exploration and production.
TPZ holds stocks and bonds issued by oil and gas pipelines, storage and processing firms mostly master limited partnerships (MLPs)—plus some utility stocks.
Enron and other energy suppliers earned profits by providing services such as wholesale trading and risk management in addition to building and maintaining electric power plants, natural gas pipelines, storage, and processing facilities.
The Upstream segment markets and trades natural gas, including liquefied natural gas, power and natural gas liquids and is responsible for its activities in oil and natural gas exploration, field development and production, and midstream transportation, storage and processing.
