I have to share this follow-up article on BP Whiting/NIPSCO/NiSource – with Coking.com folks & it looks like the BP purchase of NG power plant was: 1) great thing for BP to do, 2) bad thing for NiSource & 3) Big missed opportunity for NIPSCO.
NiSource profit falls on sales
The Times of Northwest Indiana – May 03 7:27 AM
MERRILLVILLE || NiSource Inc. profits fell 54 percent in the first quarter, due mainly to a loss recorded for the expected sale of a New England utility and the Whiting Clean Energy <Use this article link @
If the BP Whiting NG Gasifier was this profitable – then the Petcoke Gasifier after BP Whiting’s Refinery & Coker expansion is going to be barn burner! <FYI – BP recently got the state approval on permits, but still has EPA to go & of course Envronmental freaks like NDRC to deal with if they decide go court to block it>