270M

With its founder and former CEO now back at the helm, Vintage Petroleum Inc. on Thursday agreed to sell its underperforming Canadian oil and natural gas properties to Calgary-based Midnight Oil and Gas Ltd. in a cash-for-stock transaction worth C$350 million (US$270 million).

The Missouri Court of Appeals for the Western District last week sent Aquila’s two-year-old purchase of St. Joseph Light & Power Co. back to the Missouri Public Service Commission. After an appeal by St. Joseph’s customer AG Processing, the court found that the PSC failed to decide whether the $92 million premium paid for the utility should be recovered from its customers as approved.

The Missouri Court of Appeals for the Western District in Kansas City has sent back to the Missouri Public Service Commission Aquila Inc.’s $270 million two-year-old purchase of St. Joseph Light & Power Co. After an appeal by St. Joseph’s customer AG Processing, the court found that the PSC failed to decide whether the $92 million premium paid for the utility should be recovered from its customers as approved.