| Business Summary | | Northern
Border
Partners
LP
is
a
transporter
of
natural
gas
imported
from
Canada
to
the
United
States.
The
Company,
through
its
subsidiary
limited
partnership,
Northern
Border
Intermediate
Limited
Partnership
(the
Partnership),
owns
a
70%
general
partner
interest
in
Northern
Border
Pipeline
Company,
a
Texas
general
partnership.
Northern
Border
Pipeline
owns
an
interstate
pipeline
system
that
transports
natural
gas
from
the
Montana-Saskatchewan
border
to
natural
gas
markets
in
the
midwestern
United
States.
Crestone
Energy
Ventures,
L.L.C.
and
Black
Mesa
Pipeline
Company
are
wholly
owned
subsidiaries
of
the
Partnership.
Through
Crestone
Energy
Ventures,
the
Company
provides
gas-gathering
services
to
third
parties.
Black
Mesa
owns
a
273-mile,
18-inch-diameter
coal
slurry
pipeline
that
originates
at
a
coal
mine
in
Kayenta,
Arizona. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NBP
owns
70%
interest
in
Northern
Border
Pipeline
Company,
which
transports
natural
gas
from
the
Montana-Saskatchewan
border
to
interconnecting
pipelines
in
Iowa
and
other
areas.
For
the
six
months
ended
6/30/01,
revenues
rose
30%
to
$213.4
million.
Net
income
before
extraordinary
item
and
applicable
to
partners
rose
6%
to
$36.9
million.
Results
reflect
benefits
from
the
rate
settlement
with
Northern
Border
Pipeline,
partially
offset
by
higher
maintenance
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Cordes, 52 CEO,
Director | $926K | $2.9M | Jerry Peters, 43 CFO,
Chief Accounting Officer | 381K | 433K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|