The corporate parent of Massachusetts has got the natural gas utility about the focus of explosions as well as the fires which have killed about 1 and injured about 25 people. This has been linked with previous gas line blasts, as per a review of federal and state records as well as court filings.
This federal review shows that the links have emerged as Columbia gas of Massachusetts which was scrambled to provide the assistance as well as information to the residents of Lawrence, other Merrimack Valley communities and North Andover on Friday.
The Columbia Gas of Massachusetts is called as the business name of Bay States gas company. As per the written summary of testimony from Stephen Bryant, the utility’s president along with chief operating officer has provided in April for a rate of hike in the request which was submitted to the Massachusetts Department of Public Utilities.
It was incorporated in the year 1974, in which the company has got one of the seven natural gas distribution companies which are subsidiaries of NiSource which is a publicly traded holding company which was based in Merrillville, Indiana.
NiSource shares that it has plunged in Friday trading which closes at 11.7 percent lower at $24.79 which is one day after it reaches a 52 week high.
The Columbia Gas distributes the natural gas to about 321.000 residential, industrial as well as commercial customers in about three Massachusetts areas which are centered in Lawrence, Springfield, and Brockton. The Bryant said it.
It has combined all the utility operations which serve about 3.9 million customers in about seven states as well as operate about 60,000 miles of distribution pipelines. This tragedy has renewed the public focus on the safety of natural gas pipelines as well as on companies that own and maintain them.