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KeySpan to the rescue of upstate New York LDC.

Publication: Pipeline & Gas Journal
Publication Date: 01-APR-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: KeySpan to the rescue of upstate New York LDC.(Corning Natural Gas Corp.)

Article Excerpt
New York City's KeySpan Corporation is the largest gas company in the Northeast, with some 3.5 million customers. Coming Natural Gas Corporation has 14,500 customers in western New York state.

The two companies are separated by hundreds of miles and have little in common. But when it comes to the public interest, the two energy companies have proven to be good neighbors.

In September 2005, rising gas prices created a cash flow problem for Coming. "Our ability to obtain sufficient quantities of capital was impaired by the high price of gas, along with the new requirement from our suppliers that we had to pay in advance for our gas supply," said Jerry Sleve, VP of Administration for Coming.

"That rise was...

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