THE chief asset of Pacific Northwest Pipeline Corp. is a steel artery about two feet in diameter that winds through six Western states bringing natural gas to eleven million consumers. El Paso Natural Gas Co., which has the nation's largest reserves of that fuel, acquired Pacific Northwest and its strategic pipeline in 1957, and El Paso executives have been fighting in court ever since to hang on to their purchase. Last week they reached the end of the line: the Supreme Court ordered El Paso to get rid of Pacific Northwest.
The ruling ends a saga of byzantine complexity. In...
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