Austin to Hash Out Gas Pact in Public Hearing
Austin City Council will hold a public hearing in March on a proposed out of court settlement of gas fee suits against Coastal and Lo-Vaca Gathering Co. The plan would spin off Coastal Lanes Gas Producing Co into a new firm owned by customers and Coastal States stockholders. It includes a gas search program with $180 million in development, with LCRA awaiting technical input before action.
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City Tells of Gas Concern in San Antonio
A San Antonio city council resolution expresses worry that federal action to ease Northeast gas shortages could raise local gas prices. Councilman Henr Cisneros says interstate pipelines may bid high for Texas intrastate gas, with six months of unregulated pricing feared to follow.
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