Independent Power Producer Cogentrix Energy has signed anagreement with Bechtel Enterprises Inc. to acquire Bechtel’sownership interests in 12 electric generating facilities, plus afractional share of Iroquois Pipeline. Most of the properties wereon the market as the result of PG&E Corp.’s acquisition lastfall of Bechtel’s interest in U.S. Generating Co. Regulatoryconstraints barred PG&E from acquiring certain of the USGenassets.
Acquires
Articles from Acquires
Canadian Occidental Acquires Deep-Water Prospects
Canadian Occidental Petroleum subsidiary CXY Energy of Dallasagreed to acquire 50% of Fina Oil and Chemical’s interests in 64lease blocks in the Gulf of Mexico.
March 13, 1998
Texas Utilities Acquires 13.9% of Energy Group
Texas Utilities Co. Tuesday acquired 72,560,178 Energy GroupShares at 840 pence/share, representing about 13.9% of The EnergyGroup’s issued share capital. The 840 pence/share offer was thelatest in the bidding war between TXU and PacifiCorp for theBritish Utility.
March 4, 1998
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