Acquire

Duke Energy (DUK) intends to acquire Progress Energy Inc. (PGN) in a $13.7 billion stock deal that would create the country’s largest utility, serving 7.1 million power customers in six regulated territories, the companies said last week. While the majority of the combined company’s generation would be coal-fired, natural gas and oil units would account for more than one-third of owned generating capacity.

Duke Energy (DUK) is to acquire Progress Energy Inc. (PGN) in a $13.7 billion stock deal that would create the country’s largest utility, serving 7.1 million power customers in six regulated territories, the companies said Monday. While the majority of the combined company’s generation would be coal-fired, natural gas and oil units would account for more than one-third of owned generating capacity.

The Marcellus Shale industry and associated gas pipeline construction are a threat to the water supply, nearby roads and “aesthetic aspects” of a historic mountain resort community in rural Sullivan County, PA, according to conservation group Preservation Pennsylvania — problems that one local official says the entire rural county must prepare to face.

FERC has issued UGI Storage Co. a certificate to acquire from UGI Central Penn Gas Inc. (UGI CPG), own and operate 14.7 Bcf of underground gas storage capacity in north-central Pennsylvania, in the heart of the state’s portion of the Marcellus Shale play.

FERC has issued UGI Storage Co. a certificate to acquire from UGI Central Penn Gas Inc. (UGI CPG), own and operate 14.7 Bcf of underground gas storage capacity in north-central Pennsylvania, in the heart of the state’s portion of the Marcellus Shale play.

PAA Natural Gas Storage LP (PNG) has agreed to acquire SG Resources Mississippi LLC, owner of the Southern Pines Energy Center gas storage facility, for $750 million.

The borough council of Ford City, PA, about 40 miles northeast of Pittsburgh in Armstrong County, is considering a proposal from EXCO Resources Inc. to lease nearly 300 acres of borough land for Marcellus Shale gas drilling operations.

Seal Beach, CA-based Clean Energy Fuels Corp. announced Wednesday that it has entered a securities purchase agreement to acquire fueling technology provider Wyoming Northstar Inc. for $10.9 million in cash.

Eagle Ford Oil & Gas Corp. has signed a letter of intent to acquire a 25% nonoperated working interest in 5,990 acres in Borden County, TX, the Houston-based independent said Wednesday.