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Leatherstocking Gas Company, LLC
9 Months Ended
Jun. 30, 2012
Leatherstocking Gas Company Llc  
Leatherstocking Gas Company, LLC

Note 12 – Leatherstocking Companies

 

The Company, in a joint venture with Mirabito Holdings, Incorporated, formed a limited liability company in November 2010 for the purpose of providing natural gas in areas of New York and Pennsylvania that currently do not have natural gas service. This new venture, Leatherstocking Gas Company, LLC, (“Leatherstocking Gas”) is currently moving forward on expansions to several areas in the northeast. The Company and Mirabito Holdings, Incorporated each own 50% of Leatherstocking Gas. There are no significant financial transactions to report and therefore no amounts to consolidate at June 30, 2012. In April 2012, Leatherstocking Pipeline Company, LLC (“Leatherstocking Pipeline”) was formed in Pennsylvania with the same structure as Leatherstocking Gas. There are no significant financial transactions to report and therefore no amounts to consolidate at June 30, 2012.