Word: transco
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Dates: during 2000-2009
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...farmers and coal miners. Then, in 1978, the Department of Energy announced that it would finance a $2.1 billion commercial synthetic-fuels plant, the first in the U.S., to be built on the outskirts of Beulah. Operated by a five-member consortium of energy companies, including Tenneco and Transco Energy, the 600-acre project would turn coal into natural gas and be the centerpiece of the Government's efforts to produce substitutes for expensive imported oil. When the Great Plains Gasification Project opened in July 1984, Beulah was booming. Its population had jumped from...
...companies took pains to win the confidence of credit-rating agencies: Standard & Poor's, Moody's and Fitch all affirmed their A-rated debt. And in announcing the merger, National Grid CEO Roger Urwin said he plans to "deploy the combined resources and financial capacity of National Grid Transco [the merged company] to take advantage of opportunities in the liberalizing energy markets abroad, in particular extending National Grid's successful U.S. strategy." Half the company's profits already come from the U.S., thanks to three utilities it owns in the Northeast, including Niagara Mohawk, which National Grid bought in January...
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