Approaches

Sempra Buys Dominion’s Argentine Interests

Two U.S. energy giants with divergent approaches to overseasinvestments cut a deal announced Tuesday with Dominion Resources,Inc., continuing to sell off its foreign investments and SempraEnergy continuing to expand its plays out of the country. Semprapaid $145 million in cash for Dominion’s 21.5% interest in holdingcompanies for natural gas distribution companies in central andsouthern Argentina and a 25% interest in the parent company for aBuenos Aires electric utility.

July 17, 2000

Sempra Buys Dominion’s Argentina Interests

Two U.S. energy giants with divergent approaches to overseasinvestments cut a deal announced Tuesday with Dominion Resources,Inc., continuing to sell off its foreign investments and SempraEnergy continuing to expand its plays out of the country. Semprapaid $145 million in cash for Dominion’s 21.5% interest in holdingcompanies for natural gas distribution companies in central andsouthern Argentina and a 25% interest in the parent company for aBuenos Aires electric utility.

July 12, 2000

California Approaches Gas Restructuring

California regulators are expected to begin taking a much closerlook next week at proposals to curb market power in the state’s gasindustry, and their decisions could rapidly accelerate convergenceof the gas and electric industries. Included among the proposals isa plan to force the state’s major utilities to divest gastransmission and storage assets and form an independent gastransmission system operator, replicating part of what was done inthe state’s power industry. California natural gas industryrestructuring proceedings are scheduled to move into overdriveduring four day-long hearings starting April 6 in San Francisco.

March 30, 1998
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