LP Gas, April 2010
NEWS B R I E FS Hazmat training now in e learning format Federal regulations require employees who handle or transport hazardous materials to get hazmat training in the fi rst 90 days of their employment and refresher training every three years thereafter The updated Initial OSHA and DOT First 90 Day Employee Hazmat Training is a computerized program that provides the required hazmat employee training The e learning disk can be used to fulfi ll NFPA 58 and U S Department of Transportation training requirements It covers hazard communication general awareness hazmat training CMV driver requirements vehicle inspection and cylinder safety The program can be ordered from PERCs Propane Marketing and Resource Catalog at www propanemarc com or by calling 866 905 1075 NWPGA members mull name change Northwest Propane Gas Association NWPGA members will vote on a proposal in June that would change its name to the Pacifi c Propane Gas Association The NWPGA was formed in 1985 in a merger of the Oregon and Washington propane gas associations Alaska joined in 1990 A name change would more accurately refl ect the association said NWPGA Executive Director Baron Glassgow I N D U S T R Y N E W S N U M B E R S VitalSigns NPGA coalition wages protest against pipeline tariff changes T he National Propane Gas Association NPGA and a coalition of fi ve shippers of the TE Products Pipeline Co TEPPCO fi led a protest with the Federal Energy Regulatory Commission FERC against a proposal to remove propane terminal facilities from its FERC tariff NPGA was joined in the fi ling by AmeriGas CHS Cress Gas Co Ferrellgas and Suburban Propane The Pennsylvania Propane Gas Association and Inergy also fi led protests FERC can accept or reject the protest or help the parties work out a settlement TEPPCO proposed to cancel the provision of terminal services from its FERC tariff removing them from commission oversight A TEPPCO affi liate ET S would continue to provide these services only without regulation If TEPPCOs proposal were to be accepted it would be able to increase the amount it charges for the fi nal step of transportation over its interstate pipeline NPGA said The protest also calls on FERC to prohibit TEPPCO from imposing an unfi led surcharge for downgrades and transmix costs This new charge effectively increases the rates that shippers pay for transportation on TEPPCO Previously the cost of moving transmix on TEPPCO has been recovered in TEPPCOs transportation rates rather than through a separate fee or charge LP Gas Stock Index PROPANE MASTER LIMITED PARTNERSHIP COMPARISON Total Units Quarter Price Tax Debt Debt Outstanding Company Symbol Ended 3 17 10 Distribution Yield Deferral Capital Mkt Cap millions AmeriGas APU Dec 4083 268 66 70 74 34 571 Energy Transfer ETP Dec 4758 358 75 70 57 77 1678 Ferrellgas FGP Jan 2303 200 87 90 87 68 695 Inergy NRGY Dec 3781 274 72 80 62 55 637 Suburban SPH Dec 4731 334 71 80 48 21 355 Average 74 66 51 LAST TWELVE MONTHS Gross Gross Gross Profi t EBITDA Gallons Sold Percent Gross Profi t EBITDA Company Revenue Profi t Margin Per employee millions millions Change Per gallon Per gallon AmeriGas 21897 9291 424 156151 340 917 84 101 037 Energy Transfer 12116 6966 575 164017 313 568 55 123 055 Ferrellgas 20038 7140 356 196316 254 683 24 105 037 Inergy 14783 4618 312 163643 245 308 72 150 079 Suburban 7798 5731 735 205929 229 335 101 171 068 Average 481 177211 58 130 055 1 Energy Transfer LTM results are only those of ETPs propane segment Heritage Propane Wells Fargo Securities LLC 2 Suburbans gallons sold include propane and heating oil gallons Ron Londe analyst 8 LPGas April 2010 www LPGasmagazine com
You must have JavaScript enabled to view digital editions.