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Peoples Commits $5 Million to Deregulation Fund
Peoples Energy Corp. has invested $5 million in EnerTech CapitalPartners II LP, a private equity firm specializing in investmentopportunities for the deregulated energy, utility andtelecommunications industries. With Peoples’ monetary commitment,EnerTech now has $235 million in committed capital to makeinvestments.
“Our investment in EnerTechreflects our confidence in thefund’s support of emerging energy technologies,” said PeoplesPresident Tom Patrick. “The investment complements our strategy ofbuilding our utility base and growing diversified businesses.”Patrick said the opportunities the company expects from theinvestment will provide a “stimulus for earnings growth throughstrategic investments in technology in the future.”
Other corporate investors include Dynegy, Indianapolis Power& Light Co., Total Fina ELF, Electricite de France, HuntVentures and Exelon Capital Partners — PECO Energy.
EnerTech provides financing and domain expertise to enhance thesuccess of the companies in which it invests. For more information,see the web site at www.enertechcapital.com.
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