Brooklyn Union Gas Company

Brooklyn Union Gas Company
Item# 2351rd
$2.95

       




Bond Certificate, issued/canceled
1970's
Security-Columbian Bank Note Company
The item shown is representative of the piece you will receive











       







   





On September 29, 1997, KeySpan Energy Corporation became the parent holding company of the Brooklyn Union Gas Company. At the time, BUG was the 5th largest national gas distributor in the United States.

On Febrary 13, 1998, KeySpan Energy Corporation and Enron Capital & Trade Resources Corp. (ECT), a subsidiary of Enron Corporation, announced an agreement whereby ECT would provide gas supply management services for Brooklyn Union Gas, the primary subsidiary of KeySpan Energy. Under the terms of this agreement, ECT assumed responsibility for managing Brooklyn Union's interstate pipeline transportation, gas supply and storage. At the time of the agreement, Enron’s press release stated the following:

”Enron is the world's leading integrated natural gas and electricity company. The company owns approximately $23 billion in energy related assets and delivers physical commodities and risk management and financial services to provide energy solutions to customers around the world.”

Risk management and financial services????NY-New York Utility Companies Gas Companies Under $5 Under $10 Female Subject Globe Featured



All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.