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Article: Northern Border Pipeline Company Reassures Stakeholders Regarding Enron Exposure.
- Article from:
- PR Newswire
- Article date:
- November 29, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OMAHA, Neb. -- Northern Border Pipeline Company announced today that its management believes that the recent downgrades of Enron Corp.'s credit ratings and other events involving Enron should not have a material adverse impact on Northern Border Pipeline's financial condition. However, it is too early to determine with certainty the extent to which Northern Border Pipeline will be impacted by these events.
As detailed in its Sept. 30, 2001 Quarterly Report on Form 10-Q, Northern Border Pipeline has a number of relationships with Enron and its subsidiaries. Northern Plains Natural Gas Company, a wholly-owned subsidiary of Enron, provides operating and ...