|
UT Link To Longhorn Partners Pipeline?
UT Link To Longhorn Partners Pipeline?
by Stefan Wray
Iconmedia
July 26, 2002
The Vice Chairman of the University of Texas' Board of Regents, appointed by Bush in 1999, is Woody L Hunt, who also serves on the board of directors of Chase Bank of Texas, N.A., in Houston and Chase Bank of Texas in El Paso - on either end of the Longhorn Pipeline.
Chase Bank is part of J.P. Morgan Chase. And J.P. Morgan Chase is the parent company of the Beacon Energy Investment Group Fund, which owns 31.5 percent of Longhorn Pipeline Partners. This week Moody's downgraded J.P. Morgan's status from "stable" to "negative."
J.P. Morgan Chase lists Woody L. Hunt as serving on the company's Texas Regional Advisory Board, a 37 member board that also includes as members a number of CEOs and retired CEOs in the energy sector representing Conoco, Inc., PanEnergy Corp., Enron Oil & Gas Company, American Electric Power, Reliant Energy, and El Paso Energy Corporation. (See http://ar.jpmorganchase.com/ar/pdf/art/advisory.pdf)
Also listed as a member of J.P. Morgan Chase's Texas Regional Advisory Board is James Kennedy, Chairman and CEO of Cox Enterprises, Inc., the parent company of the Austin American Statesman. Gerald Ford is also on the board.
According to J.P. Morgan Chase's web site, "The Texas Board meets quarterly and advises management on business strategies and opportunities in that broad and diverse market."
One can presume that during the life span of Longhorn Partners Pipeline, since a J.P. Morgan subsidiary - Beacon Energy Investment Group Fund - owns almost a third of that partnership, that the Texas Regional Advisory Board has furnished some opinion and advice on the Longhorn Pipeline investment.
Especially now, since Williams, the lead partner and operator of the Longhorn Pipeline, has seen its stock value slip to under $1 per share, members of J.P. Morgan Chase's Texas board surely must be concerned.
Iconmedia, www.iconmedia.org, is producing a video documentary about the Longhorn Pipeline.â€
by Stefan Wray
Iconmedia
July 26, 2002
The Vice Chairman of the University of Texas' Board of Regents, appointed by Bush in 1999, is Woody L Hunt, who also serves on the board of directors of Chase Bank of Texas, N.A., in Houston and Chase Bank of Texas in El Paso - on either end of the Longhorn Pipeline.
Chase Bank is part of J.P. Morgan Chase. And J.P. Morgan Chase is the parent company of the Beacon Energy Investment Group Fund, which owns 31.5 percent of Longhorn Pipeline Partners. This week Moody's downgraded J.P. Morgan's status from "stable" to "negative."
J.P. Morgan Chase lists Woody L. Hunt as serving on the company's Texas Regional Advisory Board, a 37 member board that also includes as members a number of CEOs and retired CEOs in the energy sector representing Conoco, Inc., PanEnergy Corp., Enron Oil & Gas Company, American Electric Power, Reliant Energy, and El Paso Energy Corporation. (See http://ar.jpmorganchase.com/ar/pdf/art/advisory.pdf)
Also listed as a member of J.P. Morgan Chase's Texas Regional Advisory Board is James Kennedy, Chairman and CEO of Cox Enterprises, Inc., the parent company of the Austin American Statesman. Gerald Ford is also on the board.
According to J.P. Morgan Chase's web site, "The Texas Board meets quarterly and advises management on business strategies and opportunities in that broad and diverse market."
One can presume that during the life span of Longhorn Partners Pipeline, since a J.P. Morgan subsidiary - Beacon Energy Investment Group Fund - owns almost a third of that partnership, that the Texas Regional Advisory Board has furnished some opinion and advice on the Longhorn Pipeline investment.
Especially now, since Williams, the lead partner and operator of the Longhorn Pipeline, has seen its stock value slip to under $1 per share, members of J.P. Morgan Chase's Texas board surely must be concerned.
Iconmedia, www.iconmedia.org, is producing a video documentary about the Longhorn Pipeline.â€
(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. This website has no affiliation whatsoever with the originator of this article nor is this website endorsed or sponsored by the originator.) When available, links to the original article are provided as a convenience to our readers and allow for verification of authenticity. However, as originating pages are often updated by their originating host sites, the versions posted here may not match the versions our readers view when following the links.