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Equitable Resources, Inc. engages in the production, gathering, distribution, and transmission of natural gas in the United States. It also provides energy management solutions. The company and its subsidiaries offer energy products and services to wholesale and retail customers through three segments: Equitable Utilities, Equitable Supply, and NORESCO. Equitable Utilities segment engages in the sale, distribution, and marketing of energy related products and services; and interstate pipeline operations. These services are primarily provided in southwestern Pennsylvania, municipalities in northern West Virginia, eastern Kentucky, and in West Virginia. Its distribution operations provided natural gas services to approximately 276,300 customers, comprising 257,400 residential customers and 18,900 commercial and industrial customers, as of December 31, 2004. Equitable Supply segment engages in the development, production, and sale of natural gas, and crude oil and its associated by-products. It had an estimated total proved reserves of approximately 2,109 billion cubic feet equivalent (Bcfe), including proved undeveloped reserves of 477 Bcfe in the Appalachian Basin, as of December 31, 2004. NORESCO segment provides energy-related products and services primarily to governmental, military, institutional, commercial, and industrial customers. Its products and services principally comprise performance contracting, energy management programs, and combined heat and power, as well as central boiler/chiller plant development, design, construction, ownership, and operation. Equitable Resources was formed in 1925 and is headquartered in Pittsburgh, Pennsylvania.
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