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A struggling Kansas City-based energy company that seeks new investors for $380 million in natural gas infrastructure projects in New York and Pennsylvania is counting on winning two fierce regulatory battles against thousands of opponents. The company, Inergy, has no time to lose, given what one U.S. senator called its “precariously fragile” construction schedule. A natural-gas pipeline owned by Houston-based Enterprise Products Partners LP exploded in Cleburne, Texas, Monday when utility workers drilling holes to install power-line poles struck a gas line, killing one and injuring at least seven. The blast could be seen from miles away. Authorities are trying to determine if the gas line was marked. This is the third natural-gas pipeline explosion in the U.S. within four days. On June 3, a well partially-owned by another Houston-based company, EOG Resources Inc., blew out in Pennsylvania, and Sunday, a Chief Oil & Gas well exploded in West Virginia after workers drilling for natural gas hit a pocket of methane. Continue reading AP: Authorities investigate Texas natural gas explosion |
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