Two states have decided to review the high cost of gas this past winter and the effect the price hike has had on the states' gas utilities.
Florida. While granting requested rate...
been consistent with expectations, and the company's liquidity remains strong."
The liquidity consists of $1.3 billion in cash, $3 billion from a 364-day bank facility, and $1 billion from a multi-year facility, totaling $5.3 billion. The company has used $1.5 billion toward a 364-day facility and $400 million toward multi-year letters of credit. At press time, El Paso Corp. says that in 2002 it closed on more than $3.6 billion in asset sales. El Paso expects to complete another approximately $1.4 billion in non-core asset sales by the end of the first quarter and $1 billion during the rest of 2003.
Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.