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Veresen Inc (vsn)
treasury offering of subscription receipts
This new issue is available until December 13, 2011 from Young & Frederick Investment Solutions.
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Company Profile
Veresen (VSN) is a diversified energy infrastructure company whose core asset is a 50% interest in the Alliance Pipeline, moving about 1.6 bcf/d from northeast BC to Chicago. The company has a 50% interest in Aux Sable, whose primary asset is a NGL extraction and fractionation facility near Chicago (Channahon) with 2.1 bcf/d of processing capacity and 87,000 bbl/d NGL of production capacity, and processing facilities in Montney (60 mmcf/d) and Bakken (80 mmcf/d). Veresen’s power plants mostly operate under long-term government contracts in Canada. It plans 600 MW of gas-fired, hydroelectric, and wind capacity by 2013.
Veresen Company Description (from website)
Veresen owns and operates energy infrastructure assets across North America within three principal business segments, pipeline transportation, natural gas liquids and power. Each of these businesses plays an important role in meeting North American energy requirements and is positioned for growth. Greenfield projects currently being developed include LNG and pipeline facilities on the U.S. west coast, Alberta-based ethane and NGL extraction facilities, repowering and expansion opportunities at the California power facilities and Nova Scotia underground natural gas storage and pipeline facilities.
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