Determined to fight to the end, NiSource took its $68/shareoffer ($5.6 billion) directly to Columbia Energy Group shareholderson Friday. It also filed litigation against Columbia and itsdirectors in the Delaware Chancery Court in an attempt to gain anopportunity to nominate a director to fill a vacant seat onColumbia’s board.
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Articles from Better
Rogue Traders Falsify Earnings at MCN
When things just started to look like they were getting better,all of a sudden they just got worse for MCN Energy Group. After atough year in 1998 and the planned divestiture of its entireexploration and production division, MCN Energy Group said lastweek it discovered serious financial accounting manipulation withinits gas marketing subsidiary, CoEnergy Trading, and will have torecalculate its earnings going back to 1997.
May 24, 1999
Rogue Traders Falsify Earnings at MCN
When things just started to look like they were getting better,all of a sudden they just got worse for MCN Energy Group. After atough year in 1998 and the planned divestiture of its entireexploration and production division, MCN Energy Group saidyesterday it has discovered serious financial accountingmanipulation within its gas marketing subsidiary, CoEnergy Trading,and will have to recalculate its earnings going back to 1997.
May 18, 1999
El Paso’s CA Capacity Goes Up for Bid Again
Shippers hoping to line up firm capacity to California on ElPaso better be ready to fight for it, according to Jerry Strange,El Paso director of transportation marketing.
May 17, 1999
El Paso’s CA Capacity Goes Up for Bid Again
Shippers hoping to line up California capacity coming open on ElPaso better be ready to fight for it, according to Jerry Strange,El Paso director of transportation marketing.
May 12, 1999
Pipeline Earnings in the Plus Column
Major pipeline-only companies for the most part turned in”better-than-expected” performances during the first quarter of theyear, while integrated pipelines took some big hits – particularlyin the oilpatch, gas analysts said. Fortunately for someintegrateds, the bigger profits from their unregulated activitieshelped to offset the losses.
May 10, 1999
Pipe Unregulated Gains Offset E&P, LDC Losses
Major pipeline-only companies for the most part turned in”better-than-expected” performances during the first quarter of theyear, while integrated pipelines took some big hits – particularlyin the oilpatch, gas analysts said. Fortunately for someintegrateds, the bigger profits from their unregulated activitieshelped to offset the losses.
May 10, 1999
MA Utilities Combining to Form $4.4B Company
In yet another instance where bigger is believed to be better inthe deregulated energy marketplace, Boston Edison parent BEC Energyand Cambridge, MA-based gas and power holding company CommonwealthEnergy System plan to merge in a cash and stock deal. Thetransaction also represents the acquisition of gas assets byelectric BEC.
December 8, 1998
August Futures Post Solid Gain
ÿBetter late than never, bullish traders must have thought onTuesday. After posting a extremely light trading session on Monday,the spot August Nymex futures contract exploded 8.0 cents higher tosettle Tuesday at $2.469. The contract managed to hit a high of$2.485 amid a session when a robust 52,644 estimated totalcontracts changed hands.
July 1, 1998
On How Natural Gas and Oil Producers Are Better Served
Negotiations reportedly are going on to bring together onceagain the Washington lobbying activities of large oil and naturalgas producers in the form of the American Petroleum Institute (API)and the Natural Gas Supply Assoc. (NGSA).
June 29, 1998
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