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RE: BP Whiting Update – NIPSCO Shut out Gasifier purchase

Home Forums Coking News: DCU, Upgrader 1.Coker (registered users only) BP Whiting Update – NIPSCO Shut out Gasifier purchase RE: BP Whiting Update – NIPSCO Shut out Gasifier purchase

#6879

Charles Randall
Participant

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 @

http://www.nwitimes.com/articles/2008/05/03//business/business/docba5ffbbbf652c5af8625743d007139cb.txt >
 
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>
 
Regards

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