Warren R. True Pipeline/Gas Processing Editor Federally regulated natural gas and liquids pipeline companies in the U.S. continued to adjust in 1991 to new market and regulatory realities brought about by federal mandate and continuing sour economic conditions. These adjustments were evident in the revenue and income figures for companies in the two industry segments (Table 1 and Fig. 1). Both sets of figures significantly declined as reported in annual reports for last year to the U.S. Federal Energy Regulatory Commission (FERC). One time charges by several major natural gas pipelines in 1991 resulted in declines of more th...

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