| Table 2. Operating Income, Capital Expenditures, and Assets of Select Major Interstate Natural Gas Pipelines, 1997 and 1992 | |||||||||
| (Million Dollars) | |||||||||
| Parent/Pipeline Name | Operating Income | Capital Expenditures | Assets | ||||||
| 1997 | 1992 | Percent Change |
1997 | 1992 | Percent Change |
1997 | 1992 | Percent Change |
|
| Coastal Corporation | |||||||||
| ANR Pipeline Co | 153 | 191 | -20 | 66 | 42 | 56 | 2,951 | 2,937 | 1 |
| Colorado Interstate Gas Co | 68 | 87 | -22 | 13 | 33 | -60 | 885 | 855 | 4 |
| Great Lakes Gas Transmission Co (50% ownership) | 109 | 103 | 6 | 33 | 48 | -32 | 1,658 | 1,335 | 24 |
| High Island Offshore Pipeline Co | 15 | 12 | 31 | 2 | c | 115 | 369 | 369 | 0 |
| U-T Offshore Pipeline Co | 1 | 1 | -68 | c | 1 | -11 | 62 | 62 | 0 |
| Wyoming Interstate Co Ltd | 7 | 5 | 33 | c | 1 | -93 | 227 | 177 | 28 |
| Columbia Energy Group Inc | |||||||||
| Columbia Gas Transmission Corp | 164 | 196 | -16 | 35 | 29 | 23 | 3,002 | 2,614 | 15 |
| Columbia Gulf Transmission Co | 18 | 26 | -31 | 8 | 2 | 234 | 1,237 | 1,157 | 7 |
| Consolidated Natural Gas Co | |||||||||
| CNG Transmission Co | 142 | 99 | 43 | 9 | 30 | -71 | 2,202 | 1,886 | 17 |
| Duke Energy Corporation | |||||||||
| Algonquin Gas Transmission Coa | 49 | -- | 13 | -- | 754 | -- | |||
| Panhandle Eastern Pipeline Coa b | 92 | -- | 9 | -- | 1,135 | ||||
| Texas Eastern Transmission Corpa b | 223 | -- | 42 | -- | 4,441 | -- | |||
| Trunkline Gas Co a b | 34 | -- | 49 | -- | 1,139 | -- | |||
| El Paso Energy Co | |||||||||
| East Tennessee Gas Coa | 16 | -- | 7 | -- | 239 | -- | |||
| El Paso Natural Gas Co | 172 | 123 | 40 | 67 | 86 | -22 | 2,041 | 2,395 | -15 |
| Midwestern Gas Transmission Coa | 4 | -- | 2 | c | -- | 105 | -- | ||
| Mojave Pipeline Co | 23 | 17 | 33 | c | 0 | -- | 241 | 241 | 0 |
| Tennessee Gas Pipeline Co a | 122 | -- | 91 | -- | 4,643 | -- | |||
| Enron Corporation | |||||||||
| Florida Gas Transmission Co (50%) | 109 | 23 | 282 | 22 | 7 | 212 | 1,846 | 728 | 153 |
| Northern Natural Gas Co | 74 | 73 | 1 | 250 | 18 | 1,318 | 2,280 | 2,510 | -9 |
| Transwestern Gas Pipeline Co | 56 | 54 | 4 | 41 | 4 | 1,028 | 794 | 1,019 | -22 |
| KN Energy Corporation | |||||||||
| KN Interstate Gas Co | 25 | 28 | 11 | 160 | 26 | 517 | 516 | 548 | 6 |
| KN Wattenberg Transmission Ltd | 2 | n/a | n/a | 1 | n/a | n/a | 51 | n/a | n/a |
| MDU Resources Group Inc | |||||||||
| Williston Basin Interstate Pl Co | 17 | 16 | 10 | 1 | 3 | -68 | 241 | 224 | 8 |
| Northern States Power Co | |||||||||
| Viking Gas Transmission Co | 5 | 3 | 59 | 1 | 1 | 19 | 116 | 80 | 45 |
| PG&E Corporation | |||||||||
| PG&E Gas Transmission Co - NW | 73 | -9 | -- | 14 | 550 | -97 | 1,479 | 449 | 229 |
| Reliant Energy Corp | |||||||||
| Mississippi River Transmission Co | 13 | 19 | -31 | 2 | 1 | 71 | 495 | 470 | 5 |
| Reliant Energy Gas Transmission Co | 56 | 55 | 1 | 13 | 16 | -19 | 1,083 | 1,270 | -15 |
| Questar Corporation | |||||||||
| Questar Pipeline Co | 35 | 35 | 3 | 23 | 16 | 53 | 459 | 444 | 3 |
| Overthrust Pipeline Co | 1 | 1 | -68 | 0 | 0 | -- | 64 | 63 | 2 |
| Sonat Corporation | |||||||||
| Sea Robin Pipeline Co | 6 | 10 | -39 | 1 | 1 | 38 | 283 | 252 | 12 |
| Southern Natural Gas Co | 83 | 88 | -5 | 57 | 3 | 1,619 | 1,745 | 1,530 | 14 |
| Williams Companies, Inc | |||||||||
| Kern River Transmission Co | 92 | 78 | 17 | 1 | 17 | -91 | 1,041 | 983 | 6 |
| Northwest Pipeline Co | 92 | 81 | 13 | 19 | 315 | -94 | 1,461 | 758 | 93 |
| Texas Gas Transmission Coa | 61 | -- | 8 | -- | 1,318 | -- | |||
| Transcontinental Gas Pipeline Coa | 190 | -- | 17 | -- | 4,815 | -- | |||
| Williams Gas Pipeline - Central | 34 | 36 | -6 | 26 | 14 | 84 | 834 | 790 | 6 |
| Subtotal - Pipelines owned by parent corporations in 1992 and 1997 | 2,436 | 1,451 | 68 | 1,103 | 1,264 | -13 | 48,252 | 26,146 | 85 |
| 1992 value of pipelines acquired by parent corporations between 1992 and 1997 through acquistions and mergers (FERC Forms 2 and 2A) | 0 | 1,212 | -- | 0 | 273 | -- | 0 | 23,456 | -- |
| Total - Pipelines owned by parent corporations in 1997 and 1992 (include pipelines acquired between 1992 and 1997) | 2,436 | 2,663d | 0 | 1,103 | 1,537d | -28 | 48,252 | 49,602d | -3 |
| a Pipeline was not a 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 Less than half of a million dollars. | |||||||||
| d The data show that the majority of the growth in natural gas pipeline's operating income, capital expenditures, and assets were due almost entirely to acquisitons and mergers by parent corporations between 1992 and 1997. In particular, assets including acquisitions and mergers declined 3 percent compared to an 85-percent increase when these same transactions were excluded. | |||||||||
| Notes: The major interstate natural gas pipelines in table represent a select group of the industry. Only the pipelines that were owned by parent companies in this article are listed. -- denotes not meaningful; n/a denotes not applicable to the cateogory; and Bcf denotes billion cubic feet. | |||||||||
| Sources: Federal Energy Regulatory Commission, FERC Forms 2 & 2A, "Annual Report of Major/Minor Natural Gas Companies" 1997 | |||||||||