PAN-ALBERTA/UNITED GAS SETTLEMENT APPROVED
Pan-Alberta Gas Ltd said its
1986 proposed settlement with United Gas Pipe Line Co, of
Houston, received unconditional approval by the U.S. Federal
Energy Regulator Commission.
    Pan-Alberta said the approved deal authorized terms of a
two-year interim contract amendment, cash payments and
transportation credits for Pan-Alberta's customers, minimum
yearly natural gas takes by United and a two-year commodity
price. United will pay Pan-Alberta producers about 50 mln dlrs
over the interim period and take at least an average 40 mln
cubic feet a day of gas, Pan-Alberta said.
 Reuter
