US pipeline companies solidly profitable in 2002, scale back construction plans

Federally regulated US oil and natural gas pipeline companies in 2002 reported another profitable year, according to annual report filings with the US Federal Energy Regulatory Commission, even as the natural gas pipelines in that group scaled back construction plans from levels of recent years.Incomes for all companies increased last year, while all oil pipeline companies and FERC-defined major natural gas pipeline companies also increased their operating revenues. Major gas pipeline companies, 68 of 112 companies reporting for 2002, operated 93% of all regulated mileage and moved 97% of volumes transported for a fee in the year.All pipeline companies held level or increased their delive...

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