Businesses

Electronic energy marketplace IntercontinentalExchange (ICE) last week reported annual volume and commission records in its futures and over-the-counter (OTC) businesses. For the ninth consecutive year, the Atlanta-based company reported that ICE Futures — the company’s futures business segment — established an annual volume record, with traded contract volume in 2006 exceeding the previous record set in 2005 by more than 120%.

Electronic energy marketplace IntercontinentalExchange (ICE) on Wednesday reported annual volume and commission records in its futures and over-the-counter (OTC) businesses. For the ninth consecutive year, the Atlanta-based company reported that ICE Futures — the company’s futures business segment — established an annual volume record, with traded contract volume in 2006 exceeding the previous record set in 2005 by more than 120%.

As part of “energy week,” a House subcommittee has scheduled a hearing Wednesday to examine the effects of high natural gas prices on small businesses and present an overview of the gas supply picture.

Aquila Inc. said Wednesday it signed definitive agreements to sell four utility businesses in Michigan, Minnesota, Missouri and Kansas for a total of $896.7 million, or about $20 million more than estimated in March when it announced its intention to divest the utility assets.

Loews Corp., a holding company whose far reaching businesses engage in everything from cigarette sales to hotel operations, will pay Entergy-Koch LP $1.136 billion for Gulf South Pipeline. Subsidiary Texas Gas Transmission LLC (TGT) will take over operations of the 8,000-mile natural gas pipeline, which transports 2 Bcf/d and provides a total working gas storage capacity of 68.5 Bcf.

Loews Corp., a holding company whose far reaching businesses engage in everything from cigarette sales to hotel operations, will pay Entergy-Koch LP $1.136 billion for Gulf South Pipeline. Subsidiary Texas Gas Transmission LLC (TGT) will take over operations of the 8,000-mile natural gas pipeline, which transports 2 Bcf/d and provides a total working gas storage capacity of 68.5 Bcf.

Loews Corp., a holding company whose far reaching businesses engage in everything from cigarette sales to hotel operations, will pay Entergy-Koch LP $1.136 billion for Gulf South Pipeline. Subsidiary Texas Gas Transmission LLC (TGT) will take over operations of the 8,000-mile natural gas pipeline, which transports 2 Bcf/d and provides a total working gas storage capacity of 68.5 Bcf.

Merrill Lynch & Co. completed its purchase of the energy trading businesses of Entergy-Koch LP, a venture of Entergy Corp. and Koch Energy that was among the top five largest natural gas marketers by volumes sold in the second quarter of 2004 with 7.3 Bcf/d of physical natural gas sales. The trading operation also is one of the largest power sellers in North America.

Merrill Lynch & Co. completed its purchase of the energy trading businesses of Entergy-Koch LP, a venture of Entergy Corp. and Koch Energy that was among the top five largest natural gas marketers by volumes sold in the second quarter of 2004 with 7.3 Bcf/d of physical natural gas sales. The trading operation also is one of the largest power sellers in North America.