Bedminster

Bedminster, NJ-based NUI Corp., which stunned the financial community in September by announcing that it would sell its entire business, said last Wednesday that it received document subpoenas from the New Jersey Attorney General’s office regarding “certain questionable transactions” at its wholesale energy trading operation.

Bedminster, NJ-based NUI Corp., which stunned the financial community in September by announcing that it would sell its entire business, said Wednesday that it received document subpoenas from the New Jersey Attorney General’s office regarding “certain questionable transactions” at its wholesale energy trading operation.

Bedminster, New Jersey-based NUI Corp., which is on the auction block, reported a 62-cent loss per share from continuing operations for the quarter compared to a loss of 16 cents/share in the same quarter last year and analysts’ expectations of a 40 cents/share quarterly loss. The company also announced that it is considering cutting its dividend.

Bedminster, New Jersey-based NUI Corp. which is on the auction block, reported a 62-cent loss per share from continuing operations for the quarter compared to a loss of 16 cents/share in the same quarter last year and analysts’ expectations of a 40 cents/share quarterly loss. The company also announced that it is considering cutting its dividend.

Bedminster, NJ-based NUI Corp. said it has retained Credit Suisse First Boston (CSFB) as co-advisor on its sale of the entire company. CSFB will join Berenson & Co., which has been assisting the company in its efforts to maximize value for its shareholders.

Making good on its previously announced intentions of getting out of the retail energy marketing business, Bedminster, NJ-based NUI Corp. said last week that it has sold substantially all the customer accounts of its retail energy marketing affiliate, NUI Energy, Inc., to Houston Energy Services Co., LLC (HESCO).

Making good on its previously announced intentions of getting out of the retail energy marketing business, Bedminster, NJ-based NUI Corp. said Wednesday that it has sold substantially all the customer accounts of its retail energy marketing affiliate, NUI Energy, Inc., to Houston Energy Services Co., LLC (HESCO).

Coming off of a tough week because of an announcement of lower earnings guidance, Bedminster, NJ-based NUI Corp. Thursday reaffirmed the positive performance of its energy trading and portfolio management business and declared its regular quarterly dividend on Thursday. The company said that while trading will be limited going forward because of its strict credit requirements on counterparties and declining liquidity in certain markets, the trading division is still expected to post relatively strong earnings.

Coming off of a tough week because of an announcement of lower earnings guidance, Bedminster, NJ-based NUI Corp. Thursday reaffirmed the positive performance of its energy trading and portfolio management business and declared its regular quarterly dividend on Thursday. The company said that while trading will be limited going forward because of its strict credit requirements on counterparties and declining liquidity in certain markets, the trading division is still expected to post relatively strong earnings.