Firms Team Up for Haynesville Pipeline Project
Regency Energy Partners (Nasdaq: RGNC), Alinda Capital Partners and an affiliate of GE Energy Financial Services are forming a joint venture to finance and construct Regency’s Haynesville Expansion Project, a North Louisiana pipeline that will transport gas from the Haynesville Shale. Regency will contribute its Regency Intrastate Gas System in North Louisiana, for a 38% stake. Alinda will contribute $126.5 million in cash for a 12% stake, while GE will contribute $526.5 million for a 50% stake.
27 February 2009•5 mins read
