Surging Shale Spawns New Financing Structure for Energy Infrastructure
Strong demand for shale oil-and-gas infrastructure is giving rise to an important new financing vehicle for pipeline, processing and storage ventures that are needed to get more shale fuels to market. So-called special purpose acquisition companies, or SPACs, seek to fill the gap left by the declining use of master limited partnerships…
Enbridge Energy Selling 12.6 pct of Midstream Stake
Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. Enbridge's interest in Midcoast Operating LP will fall to 48.4 percent after the sale, the company said. Enbridge said it would use the proceeds to help fund its pipeline expansion program.
