| Table 1. Revenue, Expenses, and Deliveries of Select Major Interstate Natural Gas Pipelines, 1997 and 1992 | ||||||||||
| Parent/Pipeline Name | Fortune 500 Ranking 1997 |
Revenue (Million $) |
Expenses (Million $) |
Total Gas Deliveries (Bcf) | ||||||
| 1997 | 1997 | 1992 | Percent Change |
1997 | 1992 | Percent Change |
1997 | 1992 | Percent Change |
|
| Coastal Corporation | 158 | |||||||||
| ANR Pipeline Co | 660 | 1,176 | -44 | 370 | 787 | -53 | 4,172 | 2,374 | 76 | |
| Colorado Interstate Gas Co | 275 | 449 | -39 | 153 | 289 | -47 | 907 | 677 | 34 | |
| Great Lakes Gas Transmission Co (50% ownership) | 270 | 244 | 11 | 42 | 34 | 22 | 987 | 900 | 10 | |
| High Island Offshore Pipeline Co | 45 | 51 | -12 | 17 | 28 | -40 | 343 | 390 | -12 | |
| U-T Offshore Pipeline Co | 4 | 7 | -47 | 2 | 3 | -18 | 123 | 191 | -35 | |
| Wyoming Interstate Co Ltd | 19 | 16 | 19 | 3 | 2 | 57 | 214 | 96 | 123 | |
| Columbia Energy Group Inc | 312 | |||||||||
| Columbia Gas Transmission Corp | 677 | 1,305 | -48 | 333 | 1,001 | -67 | 3,529 | 1,603 | 120 | |
| Columbia Gulf Transmission Co | 136 | 185 | -26 | 79 | 122 | -35 | 3,929 | 1,447 | 171 | |
| Consolidated Natural Gas Co | 278 | |||||||||
| CNG Transmission Co | 525 | 684 | -23 | 218 | 465 | -53 | 1,309 | 868 | 57 | |
| Duke Energy Corporation | 81 | |||||||||
| Algonquin Gas Transmission Coa | 152 | -- | 52 | -- | 346 | -- | ||||
| Panhandle Eastern Pipeline Coa b | 348 | -- | 201 | -- | 747 | -- | ||||
| Texas Eastern Transmission Corpab | 928 | -- | 460 | -- | 1,568 | -- | ||||
| Trunkline Gas Coa b | 168 | -- | 75 | -- | 984 | -- | ||||
| El Paso Energy Co | 281 | |||||||||
| East Tennessee Gas Coa | 52 | -- | 15 | -- | 121 | -- | ||||
| El Paso Natural Gas Co | 493 | 971 | -49 | 181 | 711 | -74 | 1,373 | 1,547 | 11 | |
| Midwestern Gas Transmission Coa | 18 | -- | 8 | -- | 163 | -- | ||||
| Mojave Pipeline Co | 48 | 31 | 5 | 9 | 52 | 63 | 110 | 61 | 80 | |
| Tennessee Gas Pipeline Coa | 774 | -- | 413 | -- | 2,362 | -- | ||||
| Enron Corporation | 57 | |||||||||
| Florida Gas Transmission Co (50%ownership) | 310 | 259 | 20 | 85 | 198 | -57 | 538 | 371 | 45 | |
| Northern Natural Gas Co | 508 | 1,038 | -51 | 187 | 770 | -76 | 1,805 | 1,954 | -8 | |
| Transwestern Gas Pipeline Co | 157 | 211 | -25 | 50 | 96 | -48 | 535 | -- | ||
| KN Energy Corporation | -- | |||||||||
| KN Interstate Gas Co | 80 | 319 | -75 | 29 | 254 | -89 | 226 | 238 | 5 | |
| KN Wattenberg Transmission Ltd | 14 | n/a | -- | 10 | n/a | -- | 64 | n/a | -- | |
| MDU Resources Group Inc | -- | |||||||||
| Williston Basin Interstate Pipeline Co | 72 | 99 | -27 | 34 | 67 | -49 | 108 | 104 | 4 | |
| Northern States Power Co | 498 | |||||||||
| Viking Gas Transmission Co | 20 | 61 | -69 | 9 | 55 | -84 | 172 | 141 | 22 | |
| PG&E Corporation | 85 | |||||||||
| PG&E Gas Transmission Co - NW | 233 | 680 | -66 | 59 | 679 | -91 | 992 | 516 | 92 | |
| Reliant Energy Corp | 230 | |||||||||
| Mississippi River Transmission Co | 65 | 230 | -72 | 30 | 189 | -84 | 393 | 407 | -3 | |
| Reliant Energy Gas Transmission Co | 225 | 315 | -29 | 109 | 239 | -54 | 875 | 698 | 25 | |
| Questar Corporation | -- | |||||||||
| Questar Pipeline Co | 107 | 211 | -49 | 39 | 146 | -73 | 331 | 485 | -32 | |
| Overthrust Pipeline Co | 4 | 5 | -23 | 1 | 1 | -5 | 45 | 29 | 55 | |
| Sonat Corporation | 352 | |||||||||
| Sea Robin Pipeline Co | 25 | 32 | -22 | 13 | 15 | -10 | 285 | 290 | 2 | |
| Southern Natural Gas Co | 521 | 689 | -24 | 328 | 504 | -35 | 928 | 1,284 | -28 | |
| Williams Companies, Inc | 337 | |||||||||
| Kern River Transmission Co | 189 | 128 | 49 | 23 | 18 | 31 | 290 | 185 | 57 | |
| Northwest Pipeline Co | 275 | 398 | -31 | 89 | 230 | -61 | 722 | 1,838 | -61 | |
| Texas Gas Transmission Coa | 318 | -- | 181 | -- | 2,663 | -- | ||||
| Transcontinental Gas Pipeline Coa | 1,445 | -- | 1,018 | -- | 3,601 | -- | ||||
| Williams Gas Pipeline - Central | 181 | 333 | -52 | 100 | 260 | -61 | 374 | 740 | 49 | |
| Subtotal - Pipelines owned by parent corporations in 1992 and 1997 | 10,341 | 10,127 | 5 | 5,025 | 7,168 | -30 | 38,234 | 19,434 | 97 | |
| 1992 value of pipelines acquired by parent corporations between 1992 and 1997 through acquistions and mergers (FERC Forms 2 and 2A) | 0 | 7,729 | -- | 0 | 5,901 | -- | 0 | 13,838 | -- | |
| Total - Pipelines owned by parent corporations in 1997 and 1992 (include pipelines acquired between 1992 and 1997) | 10,341 | 17,856c | -41 | 5,025 | 13,069c | -62 | 38,234 | 33,272c | 15 | |
| a Pipeline was not part of the parent corporation in 1992. | ||||||||||
| b Pipeline was sold or spun off after 1997 and is no longer a part of the parent corporation. | c The data show that the majority of the growth in natural gas pipeline's revenue, expenses, and total gas deliveries were due almost entirely to acquisitions and mergers by parent corporations between 1992 and 1997. In particular, revenue including acquistions and mergers actually declined 41 percent compared to a 5-percent increase when these same transactions were excluded. | |||||||||
| Notes: Table is not inclusive of all interstate pipelines operating in the U.S. in 1992 and 1997; Bcf means billion cubic feet; n/a denotes not applicable to category; and -- denotes not meaningful. | ||||||||||
| Sources: Fortune 500 Ranking, Revenue and Expenses: Compustat PC Plus, a service of Standard & Poor's, Inc. Total Gas Deliveries: Federal Energy Regulatory Commission Forms 2 & 2A, "Annual Report of Major/Minor Natural Gas Companies," 1997. | ||||||||||