Bidder

Houston-based Dynegy Marketing and Trade has beat out some ofthe top natural gas producers in the nation in the latest round ofbidding for Minerals Management Service’s royalty-in kind gasproduced from federal leases in the Gulf of Mexico.

Houston-based Dynegy Marketing and Trade has beat out some ofthe top natural gas producers in the nation in the latest round ofbidding for Minerals Management Service’s royalty-in kind gasproduced from federal leases in the Gulf of Mexico.

About 50,000 Georgia retail gas customers will be sold to thehighest bidder at 10 a.m. EST on Wednesday in an Atlanta bankruptcycourt following a judge’s decision yesterday to fairly distributethe customers of bankrupt Titan Energy. The minimum bid will be $35per customer, or $1.75 million, increasing in dollar-per-customerincrements ($50,000 total).

CMS Marketing, Services and Trading announced yesterday it wasthe winning bidder for a pre-paid $139 million 12-year gas salesagreement with the Ohio Schools Council (OSC). Under the contract,CMS will deliver 44 Bcf of gas to 111 school districts in northernOhio through Oct. 31, 2011 (including the last three months of thisyear).

A Georgia bankruptcy court named Shell Energy Services thewinning bidder for Peachtree Natural Gas’ customers yesterday.Shell’s bid of $19.3 million beat out the only other companyinvolved in the bidding, Georgia Natural Gas Services.

San Diego Gas &amp Electric (SDG&ampE) completed divestiture ofall its fossil-fueled generation with the selection of Dynegy Inc.and NRG Energy Inc. as the joint winning bidder for its 951 MWEncina Power Plant in Carlsbad, CA.