May 18, 2013 9:35 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Texas Gas Transmission, LLC

Company Overview

Texas Gas Transmission, LLC operates a long-haul interstate natural gas pipeline that moves gas from Gulf Coast supply areas to on-system markets in the Midwest and to off-system markets in the Northeast. It offers no-notice, small general, summer no-notice, firm, short term firm, interruptible, enhanced firm, and hourly overrun transportation services; parking and loan and transportation aggregation pooling services; and firm and interruptible storage services for the receipt and injection of customer’s gas into storage during the summer season, and interruptible withdrawal and delivery of gas during the winter season. The company was incorporated in 1945 and is based in Owensboro, Kentucky...

Detailed Description

3800 Frederica Street

Owensboro, KY 42301

United States

Founded in 1945

678 Employees

Phone:

270-926-8686

Fax:

270-683-6187

www.txgt.com

Key Executives for Texas Gas Transmission, LLC

President
Age: 59
Chief Financial Officer
Age: 47
Right-of-Way Director
Compensation as of Fiscal Year 2012.

Texas Gas Transmission, LLC Key Developments

Federal Energy Regulatory Commission Issues Order to Texas Gas Transmission, LLC on Amendment to Negotiated Rate Agreement

The U.S. Department of Energy's Federal Energy Regulatory Commission issued the text of the following delegated order: On March 28, 2012, Texas Gas Transmission, LLC filed a revised tariff record reflecting an amendment to negotiated rate agreement No. 29061 with Cross Timbers Energy Services Inc. Texas Gas requests waiver of the Commission's notice requirements to allow the revised tariff record to become effective April 1, 2012. Federal Energy Regulatory Commission grant waiver of the Commission's notice requirements and accept Texas Gas' revised tariff record effective April 1, 2012, as proposed. The Amendment replaces Exhibit B to the agreement with Cross Timbers in its entirety to add a new eligible secondary delivery point. The agreement remains the same in all respects except for the change outlined in the amendment. Texas Gas certifies that the amendment does not contain a material deviation from the form of negotiated rate letter agreement contained in its tariff. Public notice of Texas Gas' filing issued March 29, 2012. Interventions and protests were due as provided in section 154.210 of the Commission's regulations (18 C.F.R. 154.210 (2011)). Pursuant to Rule 214 (18 C.F.R. S 385.214 (2011)), all timely filed motions to intervene and any unopposed motion to intervene out-of-time filed before the issuance date of this order are granted. Granting late intervention at this stage of the proceeding will not disrupt the proceeding or place additional burdens on existing parties. No party filed a protest or adverse comments.

Federal Energy Regulatory Commission Issues Order to Texas Gas Transmission LLC Regarding New Negotiated Rate Agreements

The U.S. Department of Energy's Federal Energy Regulatory Commission issued the following order: On November 16, 2011, Texas Gas Transmission LLC (Texas Gas) submitted for filing the referenced revised tariff records to its Tariffs, FERC NGA Gas Tariff to reflect a new negotiated rate transaction (Agreement No. 31836) between Texas Gas and AEP Generating Company (AEP) under Rate Schedule STF. Specifically, Texas Gas' revised tariff records reflect that, for the period from December 1, 2011, through February 29, 2012, a contract demand of 80,000 MMBtu/d will be transported for AEP. The referenced revised tariff records are accepted effective December 1, 2011, as proposed.

Texas Gas Transmission LLC Announces $115 Million Offering of Senior Notes

Texas Gas Transmission LLC priced a private placement of an additional $115 million in aggregate principal amount of its 4.50% senior notes due 2021. Texas Gas originally offered and sold $325 million in aggregate principal amount of its 4.50% senior notes due 2021 on January 19, 2011. The additional issue of notes priced at 101.428% of par to yield 4.313%. Texas Gas expects the offering to close on June 16, 2011 and plans to use the proceeds from the offering and borrowings under its credit facility to redeem all of the $115 million in principal amount of its 5.50% senior notes due 2013. The securities have been offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. These securities have not been registered under the Securities Act of 1933 or any state securities laws, and unless so registered, may not be offered or sold except pursuant to an exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 4, 2012
Texas Gas Transmission, LLC, Building at 3800 Frederica Street
 

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