Clearing the decks for its mega-trading and transportationventure with Entergy Corp., Koch Energy Trading yesterday announcedit has taken over the remaining 50% interest in IMD Storage,Transportation and Asset Management Co. (IMDST), making it the soleowner of the company which manages more than 100 Bcf of storage andabout 1 Bcf/d of pipeline transportation.

Koch bought out the 50% ownership stake previously held byInventory Management and Distribution Co. Inc. (IMDCI). “We arevery excited about this acquisition for our trading business,” saidDavid Sobotka,president of Koch Energy Trading. “And the timing,with the anticipated completion of the Entergy-Koch deal, couldn’tbe better. While the former venture with our partners was veryproductive, this transaction will allow us to leverage our othercapabilities — such as power trading and weather derivatives —into new products and services..”

Last week Koch Industries and Entergy Corp., announced a jointventure, Koch-Entergy L.P., to deliver, market and trade power,natural gas and other energy-related commodities. The two claim themarketing and transportation combine will be among the nation’s topten energy commodity traders, trading in excess of 100 million MWh orelectricity annually and 5 Bcf/d of gas (See Daily GPI, April 25xk).

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