Inergy L.P. (NRGY) said its subsidiary, Inergy Midstream LLC, closed the acquisition of US Salt, LLC. US Salt is an industry-leading solution mining and salt production company located in Schuyler County, New York, between Inergy's Stagecoach and Steuben County natural gas storage facilities.
The company said it initially estimates the acquisition would provide access to at least 10 Bcf of additional salt cavern storage capacity, which can be interconnected to its existing energy storage platform. Inergy intends to begin developing approximately 5 Bcf of available salt cavern capacity immediately and is expected to be operational in the fall of 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.