History of Southern Union Southern Union’s history dates back to the 1920s as a holding company for several gas utilities in Texas. Over the next sixty years the company expanded its gas utility operations and diversified into natural gas processing, exploration and production, refining, gas appliance sales, and real estate. This diversification strategy failed and in the late 1980s SUG divested everything but its natural gas distribution operations. In 1990 Southern Union was acquired by mobile phone company Metro Mobile, Inc; however, the resulting entity took the name Southern Union. The mobile phone operations would eventually be sold to Bell Atlantic and SUG re-focused on its natural gas distribution activities acquiring over 1.5mm customers through acquisitions in Missouri and the Northeast. In 2002, the company changed course once again decided to divest most of its gas distribution business and use the proceeds to expand into interstate natural gas pipelines. SUG acquired Panhandle Energy for $1.8bn in 2002 and its 50% stake in Citrus Corp, which owns Florida Gas Transmission, in 2006. Diversification continued when SUG acquired the natural gas gathering and processing firm, Sid Richardson, for $1.6bn. See the appendix for a map of Southern Union’s current operations. Transportation and Storage (projected as 57% of 2009 EBITDA) This segment consists of the three natural gas pipelines: Panhandle Eastern, Trunkline, and Sea Robin, natural gas storage assets, and the Trunkline LNG terminal. The three pipelines have a total length of approximately 10,000 miles and transport 5.5 Bcf/d of natural gas. The Panhandle Eastern pipeline transports natural gas from the Rocky Mountains and Midcontinent supply areas to... ... middle of paper ... ... of revenues was Louis Dreyfus Energy Services (average contract life is 5.8 years) while the remaining top ten customers accounted for another 49% of revenues. Distribution (projected as 12% of 2009 EBITDA) The distribution segment consists of two natural gas local distribution companies. Missouri Gas Energy serves 500,000 customers in Missouri, including Kansas City. The New England Gas Company serves 50,000 customers in Massachusetts. Missouri Gas Energy has volume decoupling for its residential and small general service customers, creating more stable earnings. A recent rate case set an allowed ROE of 10% and approved a $16mm increase in rates starting on February 28th 2010. Other (projected as 1% of 2009 EBITDA) A catch-all category that covers the corporate segment, PEI power (70 MW of generation assets in PJM), and a legacy gas appliance business.
The installation of the Keystone Pipeline began with Phase One, the installation of 2,147 miles of pipeline stretching from Alberta to refineries in Illinois. The installation and administration of Phase One included the conversion of 537 miles of Ca...
Reconstruction was a nasty period in History. Reconstruction took place after the civil war. In the civil war there was lots of devastation. Buildings and houses were being destroyed so people needed something called Reconstruction. Reconstruction was something people really needed after the civil war because they needed to rebuild a community. Some people didn't want reconstruction because they liked destruction. Then also after the civil war slavery was abolished, as well some people don't like that either. South killed Reconstruction because South resistance had KKK, and South was murdering people.
The Confederation and the Union had variant economic statuses, the Union's being more stable than the South’s because of its successful sales of bonds, its more dependable form of wealth, and the fact that it was a preestablished country with wartime funding experience. Though the Union’s banking system was far from perfect, its superiority placed the Union ahead of the South financially.
Who owns the “Superstation” and the Atlanta Braves? The television king Robert Edward Turner III who was born in Cincinnati, Ohio in 1938. Turner who was educated at the Georgia Military Academy and Brown Universitey. Turner had a major set back in his life after his dad committed suicide. He inherited the family billboard-advertising business. In 1970 Turner had bought a failing television station in Atlanta, Georgia and by 1975 he had transformed it in to one of the leading stations.. He did this by showing low-cost sports and entertainment programs via satellite to cable systems throughout the country. In 1976 Turner bought the baseball team the Atlanta braves and then the next year he bought the Atlanta Hawks In 1980 Turner invented Cable News Network(CNN) the first 24 hour news station. In 1988 he launched Turner Network Television(TNT). Then in 1991 Turner married the actress Jane Fonda. Turner now at the age of 63 still owns all his companies.
The oil companies, the customers, and the average employee will not benefit from the construction of this pipeline. If the pipeline does its job, it will take the whole load of oil from Canada to the United States. The other companies which are already responsible for transporting oil will not be required to do their jobs, as it is being done for them. All of these companies will go out of business. With 3 more pipeline plans in place for Canada, people are wondering whether they will ever need to build a new one again. With all of these companies going out of business, many employees will have to be laid off. This will cause insufficient manual labor, thereafter causing a lack of jobs. All the former employees are going to have to find another job. Since they won't have time to prepare in advance, for that time being, they also won’t have any source of income. "In our view, Trans Mountain plus the Keystone pipeline would make the Energy East pipeline less needed," said Divya Reddy, a global energy analyst with the Eurasia Group. "In terms of the production outlook for the oil sands over the next 10 years, it doesn't seem like that extra capacity is actually needed." Nothing is going to happen right away or very fast. So, in the instance that the pipeline doesn’t work, the other companies will still be running. This means both things will still be used. This will cause competition for attention and/or tasks between the pipeline and existing companies. This may draw attention away from the task at hand. “While we forecast continued growth in Canadian oil production, there might be too much pipe if Trans Mountain expansion and Line 3 replacement and Keystone XL all start up by 2020” said Afolbi Ogunnaike, a senior analyst at Wood Mackenzie, in a note. Because of this pipeline, people are going to lose their
The south was doomed from the first shoot that was fired at Fort Sumter. The south was no way matched against the north. The national banking act in February 1863 that helped the economy in the north boomed. In the north the union had almost the factories that created their weaponry. Also when the south had left and created the confederacy they only had eleven states and with the majority of their populations being blacks that were for the abolishment of slavery. In comparing to the south’s states the union had twenty-three states with full support of their population for abolishment of slavery. In short the union in all areas of the civil war had more financial backing, were equipped with more technical modern warfare, and had more soldiers that supported their cause to eliminate slavery that made the union victorious.
the pre-Civil War era, only about 5 percent of white Southern women actually lived on plantations and about half the Southern households owned no slaves at all. Still, slavery defined everything about life in the South, including the status of white women. Southern culture orbited around the strong father figure, simultaneously ruling and caring for his dependents - Mary Hamilton Campbell was struck when her servant Eliza refererred to Campbell's husband as "our master". Black and white women never seemed to develop any sense of common cause, but every Southern female from the plantation wife to the field slave was assinged a role that involved powerlessness and the need of a white man's constant guidance. A Southern slave owner named George Balcombe advised a friend to "Let women and Negroes alone. Leave them in their humility, their grateful affection, ther self-renouncing loyalty, their subordination of the heart, and let it be your study to become worthy to be the object of their sentiments."
Some states are currently threatening to leave the country because of the belief that the government has too much power over the people and the laws our country has to follow. In our society, we live by laws set by the government, and if any of them are broken, there is a punishment. These laws are set to make sure that the people of America are following the way things are ran so the country will not collapse. Although these laws are set for the safety of the people, sometimes when the government has that kind of power to make people follow certain things they should not have to follow, many issues arise. In the late 1800’s, many issues emerged between the South and the Union on whether the Southern states had the right to secede from the United States. The Southern states did have the right to secede because of political, economical, and social reasons. These reasons include numerous examples of the Union treating the South unfairly and violating the terms of the U.S constitution.
The reconstruction of the Union began under President Lincoln before the end of the war, and carried on by President Johnson after the assassination of President Lincoln. After Lincoln’s death, the leadership of the nation bestowed upon Andrew Johnson of Tennessee. According to A. Brinkley (pg. 375), Johnson revealed his plan for reconstruction or “Restoration”, as he preferred to call it, soon after he took office and implemented it during the summer of 1865 when Congress was in recess. Like Lincoln, he offered some form of amnesty to Southerners who would take a pledge of loyalty to the Union. In most other respect, however, his plan resembled the Wade-Davis Bill. The next phase of reconstruction, known as the Congressional Plan or "Radical" modernization had begun, which undid everything started by Presidents Lincoln and Johnson. These radicals, mostly republicans, motivated by three main factors revenge, concern for the freedmen, and political concerns. The Radicals in Congress pushed through a number of measures designed to assist the freedmen, but also demonstrate the supremacy of Congress over the president. These events included the Civil Rights Act of 1866, the 14th Amendment, the Tenure of Office Act, and the Army Appropriations Act. The Radical Republicans prepared an effort in Congress to impeach the president Johnson as a payback for resisting their platforms. The vote in the Senate was 35-19 for conviction, one vote short of the necessary two-thirds. This was in turn to a few Republicans that had crossed over and voted with the Democrats, thus refuting the ultimate retaliation to the Radicals. If the removal of President Johnson had gone thru, it might have permanently weakened the executive branch. Congr...
Tensions between the North and South had grown steadily since the anti slavery movement in 1830. Several compromises between the North and South regarding slavery had been passed such as the Nebraska-Kansas and the Missouri act; but this did little to relieve the strain. The election of President Lincoln in 1861 proved to be the boiling point for the South, and secession followed. This eventually sparked the civil war; which was viewed differently by the North and the South. The Northern goal was to keep the Union intact while the Southern goal was to separate from the Union. Southern leaders gave convincing arguments to justify secession. Exploring documents from South Carolina’s secession ordinance and a speech from the Georgia assembly speech will explain how the Southern leaders justify the secession from the United States.
Along with CMS Energy, Duke Energy, Dynegy Inc. and Reliant Resources Inc. have all admitted to conducting round-trip trades. CMS energy stated that all of its round-trip trades were made with either Dynegy Inc. or Reliant Energy Services. LCG consulting found that the SEC has been conducting a formal investigation of Dynegy, and last week Reliant disclosed its involvement in round-trip trading amounting to a ten percent boost in revenue between 1999 and 2001. Reliant's round-trip trades made up 20 percent of all its trading last year. Dynegy has denied taking part in anything improper and has reportedly cooperated with investigators. Four major energy companies all have made and unethical decision and have had a hand in manipulating the energy market.
Formed at the eve of the Civil War, the United States (USA) and the Confederate States (CSA) were created for multiple reasons. The main reason of the formation includes that of political issues and slavery issues. Other ideas include the military, economics, etc. The USA was led by President Abraham Lincoln and the CSA was led under President Jefferson Davis. The CSA included the states of Virginia, North Carolina, South Carolina, Georgia, Alabama, Florida, Tennessee, Mississippi, Arkansas, Louisiana, and Texas. The United States and Confederate States can be compared based on their advantages and viewpoints in the fields of how and why they were formed, the rights of the federal and state governments, views on slavery, economic issues, and the military strategies.
The Federal Energy Regulatory Commission released a draft environmental impact study of the NEXUS Gas Transmission line. Spectra Energy and DTE Energy are the lead developers, and the 255-mile pipeline was originally designed to come up from Kensington and travel north to meet up with a pipeline in Michigan and eventually make its way to Ontario, Canada. The 36-inch line will be capable of moving 1.5 billion cubic feet of natural gas a day and will not exceed a pressure of 1,440 pounds per square inch.
Imagine a historian, author of an award-winning dissertation and several books. He is an experienced lecturer and respected scholar; he is at the forefront of his field. His research methodology sets the bar for other academicians. He is so highly esteemed, in fact, that an article he has prepared is to be presented to and discussed by the United States’ oldest and largest society of professional historians. These are precisely the circumstances in which Ulrich B. Phillips wrote his 1928 essay, “The Central Theme of Southern History.” In this treatise he set forth a thesis which on its face is not revolutionary: that the cause behind which the South stood unified was not slavery, as such, but white supremacy. Over the course of fourteen elegantly written pages, Phillips advances his thesis with evidence from a variety of primary sources gleaned from his years of research. All of his reasoning and experience add weight to his distillation of Southern history into this one fairly simple idea, an idea so deceptively simple that it invites further study.
The task of this assignment is to complete a competitive analysis of two of the largest competitors in the industry of chosen study. This researcher’s chosen field is the Car Wash industry. Unlike many industries, the Car Wash industry does not have dominant players or franchise names that rule across the country. Unlike other automobile related industries such as oil change (Rapid Oil Change), tires and batteries (Goodyear), and auto parts retailers (NAPA), where these types of name players may have thousands of locations throughout the country, there are no big name players in the Car Wash industry. Although there are companies that own and operate multiple car wash facilities, most of these multi-location owners operate multiple locations throughout a metropolitan or regional area and their overall location totals are nominal. Since there is a lack of dominant competitors to analyze, this researcher will focus on an analysis between the two main categories of car wash ownership: full service vs. unattended operations.