Energy Transfer Announces Mariner East 2 Pipeline Is in Service

 Mariner East 2 Pipeline Is Now Transporting Natural Gas Liquids from Eastern Ohio to the Marcus Hook Industrial Complex

DALLAS — (BUSINESS WIRE) — Energy Transfer LP (NYSE: ET) announced that effective December 29, 2018, its Mariner East 2 natural gas liquids (NGLs) pipeline is in service, available for both interstate and intrastate service. The 350-mile NGL pipeline transports domestically produced ethane, propane, and butane east from processing plants in Ohio across West Virginia and Pennsylvania to Energy Transfer’s Marcus Hook Industrial Complex in Delaware County, PA, where the NGLs are stored for distribution to local, domestic and waterborne markets.

Mariner East 2 is part of Energy Transfer’s Mariner East system of pipelines. Which are designed to provide much-needed NGL takeaway capacity for the Marcellus and Utica Shale production areas in Eastern Ohio, West Virginia and Western Pennsylvania. The Mariner East 2X pipeline, which parallels Mariner East 2, is expected to be in service in late 2019. The Mariner East system will provide both operational flexibility and enhanced security of NGL supply from producing areas to key markets in the region and beyond.

According to a 2015 economic impact study by EConsult Solutions, the total impact from the construction of the Mariner East pipelines is estimated to be more than $9.1 billion in Pennsylvania alone. When complete, the projects will have provided more than 9,500 construction jobs per year for six years, with associated earnings totaling more than $2.7 billion.

About the Partnerships

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 39.7 million common units of USA Compression Partners, LP(NYSE: USAC). For more information, visit the Energy Transfer website at www.energytransfer.com.

Energy Transfer Operating, L.P. owns and operates one of the largest and most diversified energy portfolios in the United States. Strategically positioned in all of the major U.S. production basins. Its core operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. Energy Transfer Operating, L.P.’s general partner is owned by Energy Transfer LP (NYSE: ET). For more information, visit the Energy Transfer website at www.energytransfer.com.

Forward-Looking Statements

Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors. Many of which are outside the control of ET, and a variety of risks that could cause results to differ materially from those expected by management of ET.  ET undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

The information contained in this press release is available on our website at www.energytransfer.com.

Hawver: At the Rail – Week of December 24

OK, it’s the holidays, which means cheer, gifts, family gatherings…and starting to figure out what scraps the Kansas Legislature is going to have in its upcoming session, who is on which committees, how the tilt looks on those committees, and what issues we’re likely to see starting at noon on Jan. 14.

Kansas Political Columnist Martin Hawver
Kansas Political Columnist Martin Hawver

Yes, there are gifts to be opened, dinners to cook, pets to keep away from the Christmas tree, and all that…plus preparing for New Year’s Eve celebrations.

But for a group of Kansans, the holidays mean time to figure out just what is possible from this session’s Legislature.

It’s going to be tricky. There are brand new members who are going to learn that life in the Statehouse probably isn’t what they thought it was when they were sweating on the doorsteps of voters in August.

And there are returning members who are going to be sizing up those new members to see whether they can scooch them from one position to another on issues and convince them that it’s possible—often good politics—to trade votes on issues so both have something to carry home to their constituents.

Atop all that legislative shuffling with new committees and new members, there’s Democrat Gov. Laura Kelly. She’s still putting together her cadre of Cabinet secretaries, making sure that they will be supportive of her positions on issues, and can find a way to carry them out.

Oh, and then there are those new Cabinet secretaries who are going to have to hire their top-level staffers—and make those very important decisions on which staffers they inherit, who though not part of the campaign, have the technical and management skills to make sure that the agencies operate fairly and efficiently.

Over the holidays, Kelly is going to have to make a major decision on the upcoming budget.

Should a Democrat governor with a House and Senate run by Republicans offer up the former Gov. Sam Brownback-era two-year (biennial) budget, or should she propose a conventional one-year budget, which might politically give her a little more focused negotiation on just how the state is going to spend taxpayers’ money?

And there’s that new House committee that was established for the upcoming session, the Rural Revitalization Committee. It’s going to study specific rural development issues as the state’s rural population shrinks. There are issues out there that probably aren’t as thoroughly considered as they might be, but there’s also the background issue—reapportionment in 2022.

Beef up the rural areas, make it easier for those western Kansans and their children to stay at home, for businesses to have broadband access and find a way to keep schools open, and that remap of House and Senate districts ahead might just have a different outcome.

There’s lots of work to be done in the next three weeks, while most of us wonder when they’ll be able to use that new Christmas snow thrower on the driveway, or whether you can convince yourself that you can actually cook with one of those new air fryers that let you see through the plastic while the chicken browns.

So, while most Kansans have a holiday week ahead, there is intense work being done by those folks you elected back in November. They’ve fought for the right to represent you and start trying to figure out how to do to that.

Might just keep that in mind as you run into legislators at events over the next week or so…

By Martin Hawver

Syndicated by Hawver News Company LLC of Topeka; Martin Hawver is publisher of Hawver’s Capitol Report—to learn more about this nonpartisan statewide political news service, visit the website at www.hawvernews.com

Nigerian Stock Exchange (NSE) and NASDAQ Sign New Trading Technology Agreement

STOCKHOLM, Sweden and LAGOS, Nigeria, (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) and The Nigerian Stock Exchange (“The Exchange” or “NSE”) have announced that NSE, which services the largest economy in Africa, will continue leveraging Nasdaq’s matching engine technology for its equities and fixed income markets for an additional five years. Further, NSE will also continue utilizing Nasdaq’s SMARTS Market Surveillance technology to monitor its market for manipulation, including spoofing and layering. NSE has been a Nasdaq client since 1997.

NSE extends matching engine technology contract for an additional five years

“We are delighted to extend our matching engine technology contract with Nasdaq,” said Oscar N. Onyema, OON, Chief Executive Officer, NSE. “Adopting best in class technology is vital for running our modern and competitive market as well as allowing us to stay agile in the face of an evolving ecosystem. The Exchange intends to remain at the forefront of innovation and will actively seek ways to leverage new technologies to drive the growth and development of our market”.

“Over the course of our relationship, NSE has made—and continues to make—significant strides in innovation and revolutionizing Africa’s capital markets,” said Paul McKeown, Senior Vice President, Market Technology, Nasdaq. “By continuing to utilize the Nasdaq Matching Engine, NSE is supporting African investors in creating durable wealth in the Nigerian market, while providing seamless market access to international investors by leveraging our technology’s industry standard connectivity protocols. We look forward to partnering with NSE in the years ahead.”

Nasdaq’s world-leading market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

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Source: NASDAQ

 


 

 

Nasdaq Welcomed 185 IPOs and 20 Exchange Transfers in 2018

NEW YORK (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) announced today that in 2018 it welcomed 185 initial public offerings (IPOs) and 20* exchange transfers. Nasdaq has extended its IPO leadership to 20 consecutive quarters in the U.S. with a 72 percent win rate, with new listings raising a total of $27.7 billion.

Seven of the 10 largest technology IPOs by proceeds raised listed on Nasdaq

 

As the home to entrepreneurs and visionaries, seven of the largest 10 technology IPOs by proceeds raised chose to list on Nasdaq, including iQIYI (raised $2.25 billion), Pinduduo (raised $1.62 billion), StoneCo Ltd (raised $1.2 billion), Dropbox (raised $756 million) and DocuSign (raised $629 million). The technology sector, with 33 IPOs in 2018, led the U.S. market in 2018, raising $10.6 billion on Nasdaq.

Following a record-breaking year in 2017 for exchange transfers, Nasdaq welcomed a total of 20 switches in 2018 from the New York Stock Exchange (NYSE) with a combined market value of approximately $256.2 billion. In addition, on December 3, 2018, Nasdaq launched its Corporate Bond exchange for listing and trading of corporate bonds. The offering allows public companies to list their debt securities on a market that uses Nasdaq trading technology and surveillance. PepsiCo and Walgreens Boots Alliance both announced transferring the listing of their debt securities.

“This year has been an exceptional year for the U.S. IPO market and our listings business. Not only did we welcome numerous high-profile IPOs, we continue to attract exchange transfers across all sectors,” said Nelson Griggs, President, Nasdaq Stock Exchange. “These results speak to the value of our holistic approach – a long-term partnership that supports companies throughout their growth journey, from the first day of trading through our technology and advisory services to engage investors and the investment community. We look forward to building on our momentum in 2019.”

2018 NASDAQ U.S. LISTINGS HIGHLIGHTS

  • U.S. listings market leadership: Nasdaq welcomed 185 IPOs, raising $27.7 billion. In 2018, IPOs on Nasdaq raised almost twice the amount in proceeds compared to 2017.
  • Leading U.S. exchange for technology, healthcare, financials, and VC-backed IPOs: Nasdaq maintained its strong track record in technology and VC-backed listings, with win rates of 63 percent and 82 percent, respectively. Win rates for healthcare and financials were 94 percent and 74 percent, respectively.
  • Largest VC-backed biotech IPO: Driven by the biotechnology and pharmaceutical sectors, healthcare listings momentum continued to build. Moderna raised over $600 in its Nasdaq IPO, making it the largest venture-backed biotech IPO in history.
  • Continued momentum in listing transfers: Nasdaq welcomed 20 switches from NYSE in 2018, representing a combined $256.2 billion in market value. Notable transfers include Regency Center, WW, Newell Brands, United Continental Holdings, Alliant Energy and Sanofi. The total market value of all companies joining Nasdaq from NYSE since 2005 has exceeded $1.5 trillion.

*The number includes companies announced their intentions to switch.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to over 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit business.nasdaq.com.

 

 

 

Thank You Brandon

I recently met Brandon McCray, who is a social media marketer and entrepreneur. According to his interesting Instagram, he is CEO of two companies;  MSMTAXSOLUTIONS LLC and MULTIPLE STRING MEDIA LLC.

As far as that Instagram, I found the pictures and memes that he had collected there to be interesting.  Making me want to know more about him and his work. The memes that he has in his account has some awesome advice.

 

 

Obituary: Robert Eugene Lowe

Robert Eugene Lowe, age 84 of Edgerton, Kansas passed away Sunday, December 9, 2018 at his home. Memorial services will be 7PM, Thursday, December 20, 2018 at Wilson’s Funeral Home in Wellsville with visitation one hour prior at 6PM. Memorial contributions may be made to St. Jude’s Children’s Research Hospital in care of Wilson’s, PO Box 486, Wellsville, KS 66092. Robert Eugene Lowe was born March 4, 1934 in KCMO, the son Eugene and Lela (Moore) Lowe. He was the oldest of 12 children, growing up in Stanley, Kansas and graduating from Stanley Rural High School in 1953.

On August 16, 1953, he married Patricia Laruth Gross at the Stanley Community Methodist Church. They were married 65 years before his passing. She survives at the home. Bob joined the United States Air Force in March of 1954. He served 4 years and was honorably discharged at the rank of Staff Sergeant. After his military service, Bob attended Pittsburg State University and earned a Bachelor’s Degree in Psychology. He later earned his Master’s Degree in School Psychology from PSU, working for the Lawrence , Kansas school district for 38 years. He retired in 1996.

Bob was an elder in the Community of Christ Church for many years. His interests over the years included raising goats and chickens, gardening, travelling, singing, acting, camping and boating and attending the activities and sporting events of his children and grandchildren. Bob is survived by his wife of the home; son, Patrick Lowe of Edgerton; daughter, Robbyn (Jeff) Van Horn of Baldwin City; daughter, Tamara (Jeff) Canterbury of Baldwin City; brothers, Larry (Judy) Lowe of Sawuache, CO; Ronnie Lowe of Olathe; Dannie (Carmelle) Lowe of Edgerton; sisters, Margaret (Bill) Brumbaugh of Olathe; Suellyn (John) Stone of Belton, MO; Deanna (Kenny) Dornes of Waverly; Cheryl (Ron) Swisher of Salem, OR; Gina Hill of Lawrence; 8 grandchildren, 9 great-grandchildren and many nieces and nephews. He is preceded in death by his parents and 3 brothers, Bill, Jimmy and David.

Hawver: At the Rail: Christmas Season

The Christmas season is here, and just as it is every year when a new, different-party governor takes office, state employees will wonder whether they’ll have jobs after the holidays—or Inauguration Day on Jan. 14, to be more precise.

OK, we can figure that by the time she takes the oath of office, and no longer has that “Gov.-elect” before her name, Laura Kelly will have replaced probably all or most of the 11 Cabinet secretaries appointed by either Gov. Sam Brownback or his successor, Gov. Jeff Colyer. That’s simple.

Oh, there may be some delays, but practically, if you are a Brownback/Colyer-knighted secretary, you might not want to go car-shopping this holiday season or might want to consider whether you’ll be able to afford move-ups from synthetic-to-wool or wool-to-(enter the percentage)-cashmere sweaters for the spouse.

So far (up to this past weekend), Kelly has been quiet about the new Cabinet members she will appoint. She’s got a chief of staff to keep the names straight and sent a group of transition advisers to meet with those current secretaries to see just what they do, but there are no names written down that a reporter wouldn’t have to kick in a door or bust a window to see.

Oh, and those new Cabinet secretaries are going to get to hire their own chiefs of staff and assistants and public relations offices, which ought to take care of appreciation of campaign leaders and contributors as in all change-over election cycles.

But the real issue for the thousands of state employees who do the real work for the state and generally don’t have business cards and stationery is going to be what Kelly does in the way of Civil Service for state employees. Those Civil Service jobs are generally done behind counters where they hand out driver’s licenses or help the public with tax returns or in a frequently windowless back office make sure that Kansans get the services they pay taxes for.

Kansas has gone through the Republican-managed years with steady reductions in the number of Civil Service workers. That Civil Service is a protection for workers and most importantly protects their jobs as long as they are doing their assigned jobs. Do the job right, and under Civil Service, you can’t be fired because you have a bumper sticker on your car that is different than the stickers on the car of your politically appointed boss. Do the job right without Civil Service and you can be fired or not promoted with little or no performance issue.

The Brownback years offered pay raises for Civil Service workers who gave up those protections, including hearings during which a firing or being bypassed for an advancement can be challenged.

During the now-ending Republican administration, thousands of state workers who hadn’t seen raises in several years traded that job protection for raises of 2.5% for workers who changed from Civil Service to at-will employees. Not a bad deal if you were liked by your supervisor, but for those who wanted the basic protection of fair practices in employment matters, it essentially became an insurance premium in the form of a lower wage to hold on to those protections.

Don’t look for those abandon-Civil-Service raises to continue. And, we’ll watch how the Kelly administration deals with basic job protections for workers who took the 2.5% raise-bait to see their job security based on whom they worked for, not the job they did.

We’re still waiting to see who become Cabinet secretaries under Kelly’s administration, but we’re also waiting to see what happens to the thousands of workers who park at the back of the lots farthest from the building…

By Martin Hawver

Syndicated by Hawver News Company LLC of Topeka; Martin Hawver is publisher of Hawver’s Capitol Report—to learn more about this nonpartisan statewide political news service, visit the website at www.hawvernews.com

Former Baldwin Rec Director Wife Killed in Accident

Saturday evening word started circulating that a tragedy had occurred in the family of Steve Friend.  Friend retired earlier this year as director of the Baldwin City Recreation department.  Upon retiring, he and his wife moved to Arizona.

Upon hearing of the accident, I reached out to Friend, his wife did pass away this morning (December 8, 2018)  from her injuries  that she sustained in the accident on December 6.

According to Friend,

Unfortunately, my wife was struck by a car in a parking lot in Queen Creek AZ on Thursday, Dec 6. The impact caused her to hit her head on the pavement which caused massive injuries to her brain and brain stem with no hope for recovery. She passed away on Dec 8 at 10:03 am. She was my best friend, a super mother to 4 boys, 1 niece, and 2 grandchildren, a devoted sister to 3 brothers and 1 sister. In addition, she had many friends. There will be a memorial service in Burlington on Saturday, December 22 with visitation at 10 am and the service starting at 11 am at the Christian Church. She was 65 (6/10/53) and we were married 36 years.

The Gazette offers our deepest sympathies to the Friend family.

Governor Jeff Colyer Speaks at 30th Anniversary of Spitak Earthquake in Armenia  

Topeka – Governor Jeff Colyer spoke Friday at an event commemorating the 30th anniversary of the Spitak Earthquake in Armenia, a disaster Gov. Colyer assisted with as a medical first responder in 1988. Gov. Colyer was sent to Armenia by then President Ronald Reagan after the earthquake hit. He was one of the first medical responders to arrive in the country after the 6.8 magnitude earthquake destroyed Spitak within 30 seconds, killing 25,000 people and injuring nearly 140,000 people.

“The disaster I saw 30 years ago was tragic, and through the tragedy the Armenian nation showed courage and resilience,” said Governor Jeff Colyer, M.D. “Many lives were lost, and many other lives were changed that day. It is important that as humanitarians we always answer the call for help when others need it.”

Kansas Adjutant General Maj. Gen. Lee Tafanelli also attended the commemoration with Gov. Colyer. Kansas and Armenia first established a bilateral affairs agreement in June 2003. Fifteen years later, the partnership continues to foster strong relations between the United States and the Republic of Armenia. Kansas and Armenia enjoy an enduring relationship built upon mutual understanding, trust and genuine friendships shared across and throughout our forces. Collaborative efforts between Kansas and Armenia have paved the way for the modernization of the Armenian Armed Forces in the areas of defense reform, enhanced interoperability, defense education reform and civil emergency planning.

“These types of partnerships are critical to international security cooperation,” said Tafanelli. “The United States is most successful when it partners with friends and allies to achieve mutual security goals. Armenian peacekeepers have trained alongside Kansas Guardsmen as a result of the State Partnership Program, and many other enduring relationships have been developed benefiting both Armenia and the United States.”

U. S. Stock Exchanges Announce the Closure of its U.S. Markets in Honor of a National Day of Mourning for President George H.W. Bush

NEW YORK — (GLOBE NEWSWIRE) — Both the Nasdaq and New York Stock Exchange announced that the U.S. Markets will observe the passing of President George H.W. Bush by closing all Nasdaq U.S. equities and options markets on Wednesday, December 5, 2018.

In addition, Nasdaq announced that it will observe a moment of silence at 9:20 a.m. Eastern Time (ET) on Monday, December 3, 2018. The Nasdaq Tower in Times Square will be displaying a message honoring the former President.

According to a report from CNN,

The NYSE also said the flag will fly at half-staff throughout the mourning period. “We remember President Bush admiringly as a veteran who fought totalitarianism, a statesman who advocated for freedom, a leader who served his country, and an unabashedly dedicated family man,” Stacey Cunningham, NYSE Group President, said in a statement.