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Article: Northern Border Gets Good News.(Northern Border Partners)(Brief Article)(Statistical Data Included)
- Article from:
- The Oil Daily
- Article date:
- April 22, 2002
CopyrightCOPYRIGHT 2002 Energy Intelligence Group. 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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Northern Border Gets Good News
Northern Border Partners received some good news from corporate credit-rating service Fitch, which affirmed its investment grade rating, though with a negative outlook.
Fitch had reviewed Northern Border because of the change in its asset portfolio to include more non-regulated pipelines and its relationship to Enron. The bankrupt energy trading company owns 9.2% of Northern Border. In addition, an Enron affiliate operates the Northern Border pipeline system, which runs from the Canadian border to the Midwest near Chicago.
Other potential Enron-related issues include capacity commitments by Enron's ...