After agreeing to unload its electric subsidiary last week to OrionPower Holdings for about $200 million plus the assumption of debt,Columbia Energy Group announced that it has found a buyer for itselectric subsidiary’s interests in four power generation QualifyingFacilities (QF). The interests, which were excluded from the Oriondeal, will be sold to a partnership between Morristown, NJ,-basedDelta Power Co. and John Hancock Life Insurance for an undisclosedamount (see Daily GPI, Oct. 3).
Agreeing
Articles from Agreeing
AES Sinks its Teeth into Midwest Power Market, Buys IPALCO
AES Corp. has set the table to take another big bite of theMidwest power generation market after agreeing to buy IPALCOEnterprises Inc. of Indiana for $3.04 billion in stock and assumeddebt. The Arlington, VA, power plant developer, which expects toclose the sale early in 2001, plans to build additional facilitiesin IPALCO’s Indiana territory and eventually begin sellingelectricity in the growing Chicago marketplace.
July 24, 2000
Apache Buys Occidental’s Gulf Assets for $385 Million
Houston’s Apache Corp. remains in an acquiring mood, agreeinglast week to buy Occidental Petroleum Corp.’s offshore oil and gasinterests in the Gulf of Mexico for $385 million. The deal callsfor Apache to pay Occidental $341 million for the properties thisyear, then pay $11 million a year for the next four years. Closingis expected by mid-August.
July 24, 2000
Apache Buys Occidental’s Gulf Assets
Houston’s Apache Corp. remains in an acquiring mood, agreeing yesterday to buy Occidental Petroleum Corp.’s offshore oil and gas interests in the Gulf of Mexico for $385 million. The deal calls for Apache to pay Occidental $341 million for the properties this year, then pay $11 million a year for the next four years. Closing is expected by mid-August.
July 21, 2000
AES to Buy Midwest’s IPALCO in $3.04 Billion Deal
AES Corp. has set the table to take another big bite of theMidwest power generation market after agreeing yesterday to buyIPALCO Enterprises Inc. of Indiana for $3.04 billion in stock andassumed debt. The Arlington, VA, power plant developer, whichexpects to close the sale early in 2001, plans to build additionalfacilities in IPALCO’s Indiana territory and eventually beginselling electricity in the growing Chicago marketplace.
July 18, 2000
Other Retailers Keep Rolling Over as Enron Gets Even Stronger
By agreeing last week to sell the stock of its retail marketingarm to Enron Energy Services Operations Inc. for $85 million,PG&E National Energy Group not only trimmed non-profitableassets from its portfolio, but perpetuated an industry-wide trendof major companies exiting the retail arena.
April 17, 2000
Equitable Buys Statoil’s Appalachian Assets
Equitable Resources ascended to the throne of Appalachian basinproducers last week by agreeing to purchase all of Statoil Energy’sassets in the region for $630 million. The deal is expected to becompleted next month, Statoil said.
January 10, 2000
Equitable Buys Statoil’s Appalachia Assets
Equitable Resources ascended to the throne of Appalachian basinproducers yesterday by agreeing to purchase all of Statoil Energy’sassets in the region for $630 million. The deal is expected to becompleted next month, Statoil said.
January 5, 2000
ONEOK Grabs Koch’s OK Gathering, Processing
ONEOK Inc. is building up its midstream presence by agreeing toacquire all the Oklahoma midstream gas gathering and processingassets of Koch Midstream Enterprises for $285 million in cash.
March 1, 1999
ONEOK Buying Koch OK Midstream Assets
ONEOK Inc. is building up its midstream presence by agreeing toacquire all the Oklahoma midstream gas gathering and processingassets of Koch Midstream Enterprises for $285 million in cash.
February 26, 1999
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