Allegheny Energy subsidiary Monongahela Power Co. has reached an agreement to sell all of its natural gas distribution operations in West Virginia to a partnership of IGS Utilities LLC, IGS Holdings LLC and affiliates of ArcLight Capital Partners LLC for $141 million in cash, $87 million in assumed long-term debt and $16 million to settle certain inter-company accounts over the next three years.
244M
Articles from 244M
Allegheny Sells Gas Distribution Business to IGS, ArcLight for $244M
Allegheny Energy subsidiary Monongahela Power Co. has reached an agreement to sell all of its natural gas distribution operations in West Virginia to a partnership of IGS Utilities LLC, IGS Holdings LLC and affiliates of ArcLight Capital Partners LLC for $141 million in cash, $87 million in assumed long-term debt and $16 million to settle certain inter-company accounts over the next three years.
August 6, 2004
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
