Scott Mitchell talks energy with Jerry Bohnen, focusing today on the Oklahoma Ethics Commission decision to clear Corporation Commissioner Todd Hiett of conflict of interest charges.
At the same time, the State Supreme Court has allowed the lawsuit by legislators challenging Hiett’s votes to move forward. Plus! The legislature’s approval of an energy bill that opponents want vetoed, claiming it will mean higher utility costs for ratepayers.
Following the deal’s closing, infrastructure company WhiteWater, Enbridge (ENB) and MPLX (MPLX) will own respective shares of 65%, 10% and 10% in the Matterhorn Express Pipeline; WhiteWater, whose equity interest will be jointly backed by I Squared and infrastructure investment firm FIC, will continue to operate the pipeline.
The 510-mile Matterhorn pipeline was placed into service in November 2024 and has ~2.5B cf/day of fully contracted capacity; it transports natural gas from the Waha area in the Permian Basin to Wharton, Texas, with additional delivery capabilities into the Katy, Texas area.
could value Matterhorn at more than $5B including debt.
Following the deal’s closing, infrastructure company WhiteWater, Enbridge (ENB) and MPLX (MPLX) will own respective shares of 65%, 10% and 10% in the Matterhorn Express Pipeline; WhiteWater, whose equity interest will be jointly backed by I Squared and infrastructure investment firm FIC, will continue to operate the pipeline.
The 510-mile Matterhorn pipeline was placed into service in November 2024 and has ~2.5B cf/day of fully contracted capacity; it transports natural gas from the Waha area in the Permian Basin to Wharton, Texas, with additional delivery capabilities into the Katy, Texas area.