ElPasoPipeline Partners ( EPB), an operator of natural gas pipelines, has traded higher for 13 of the past 14 days, and is on track for another positive finish Friday.
In Q3, while revenues for the division remained relatively flat, margins grew by over 50% compared to the previous year thanks to a strong performance from the Tennessee Gas pipeline and the ElPasopipeline that the firm acquired from its parent, Kinder Morgan Inc.
Instead, he found it had failed to operate at maximum allowable operating pressure--odd, given that this pressure is usually the upper limit for safety and ElPaso was under federal restrictions after an August 2000 pipeline explosion killed 12 campers in New Mexico.