Announce

Kinder Units Announce Open Seasons to Serve Southwest, Midwest

Kicking off the new year with a binge of open seasons, Kinder Morgan Inc. (KMI) and Kinder Morgan Energy Partners, LP (KMP) launched three separate offerings last week for pipeline projects poised to bring new supplies of gas into Arizona markets and the Midwest.

March 17, 2003

Kinder Units Announce Open Seasons to Serve Southwest, Midwest

Kicking off the new year with a binge of open seasons, Kinder Morgan Inc. (KMI) and Kinder Morgan Energy Partners, LP (KMP) launched three separate offerings Tuesday for pipeline projects poised to bring new supplies of gas into Arizona markets and the Midwest.

March 11, 2003

Dynegy to Announce Earnings Guidance in January; Moody’s Sees Minimal Cash Flow

The ups and downs at Dynegy Inc. continued last week, with a downgrade by Moody’s Investors Services sending the share price below $1 by mid-week. On Friday, however, with the ruling by FERC regarding California (see related story) and an announcement by management that it will detail earnings guidance for 2003 on January 7, investors again were encouraged, moving the meager stock up past a dollar once again.

December 16, 2002

SEC Seeks Info on TXU Dividend Declaration

In a press release ostensibly to announce a stock issuance to improve its liquidity and pay down some debt, TXU Corp. acknowledged Monday that it has received an informal data request from the Securities and Exchange Commission that asks the company to “voluntarily provide documents related to its recent dividend declaration.” TXU said it would comply fully with the request, and does not anticipate “any adverse consequences.”

November 19, 2002

Black Hills, Mallon Announce Merger Agreement

Two gas-rich western independents, Black Hills Corp. and Mallon Resources Corp., last week announced a merger estimated at $52 million. Under the definitive agreement entered into by Rapid City, SD-based Black Hills, it also will acquire Denver-based Mallon’s debt to Aquila Energy Capital Corp., as well as $30.5 million of its outstanding hedges.

October 7, 2002

Black Hills, Mallon Announce Merger Agreement

Two gas-rich western independents, Black Hills Corp. and Mallon Resources Corp., announced Tuesday a merger estimated at $52 million. Under the definitive agreement entered into by Rapid City, SD-based Black Hills, it also will acquire Denver-based Mallon’s debt to Aquila Energy Capital Corp., as well as $30.5 million of its outstanding hedges.

October 2, 2002

Duke, UBS Announce Cuts to Trading Units

Duke Energy Corp., which employs close to 500 energy traders and support staff, is expected to follow the route of its fellow energy merchants and cut its trade staff, citing less business. Also as expected, UBS Warburg will cut about 20% of its 600-member trading staff, and may lay off even more employees in the near future.

August 26, 2002

U.S. Producers Continue Quest For Canadian Reserves

Canadian Hunter Exploration Ltd., the latest in Calgary’s energy patch to announce a merger with a U.S. producer this year, may be one of the biggest to be seduced in a buyout, but it won’t be the last, predicted CEO Steve Savidant this week. Questioned about which Canadian companies could next be on the radar screen for mergers, Savidant also had the answer for that.”There can’t be a heck of a lot more, because there’s not a lot more companies.”

October 15, 2001

U.S. Producers Continue Quest For Canadian Reserves

Canadian Hunter Exploration Ltd., the latest in Calgary’s energy patch to announce a merger with a U.S. producer this year, may be one of the biggest to be seduced in a buyout, but it won’t be the last, predicted CEO Steve Savidant this week. Questioned about which Canadian companies could next be on the radar screen for mergers, Savidant also had the answer for that.”There can’t be a heck of a lot more, because there’s not a lot more companies.”

October 12, 2001

KMS, Nicor Announce Gas Swap Contract

Vancouver-based KMS Power Income Fund, through its manager KMS Energy Inc., has announced a 10-month gas swap contract with Nicor Energy LLC, designed to fix prices for a proportion of the natural gas used by KMS Crossroads. The agreement, at a price of $5.07/MMBtu, encompasses 20,000 MMBtu/month, representing about 40% of the average gas consumption at KMS Crossroads.

June 6, 2001