Closes

Expanding its natural gas gathering and processing footprint in the U.S. Midcontinent and Gulf Coast, Houston-based Enbridge Energy Partners LP (EEP) said Wednesday that it has completed its previously announced $247 million acquisition of gathering and processing assets in North Texas from Cantera Resources Inc., an affiliate of Morgan Stanley Capital Partners.

Christmas came early for NRG Energy in 2003. First, the company emerged from bankruptcy protection earlier this month and last Tuesday NRG closed on a $2.7 billion financing package.

Allegheny Energy Supply Co. LLC and Allegheny Trading Finance (ATF) last week said that they have completed the sale of an energy supply contract with the California Department of Water Resources (CDWR) and associated hedge transactions to J. Aron & Co., a subsidiary of the Goldman Sachs Group, for approximately $354 million.

The National Oceanic and Atmospheric Administration (NOAA) resumed the appeal process and reopened the comment period on the Islander East project earlier this month. The public comment period will extend to Nov. 20 and a public hearing on the project will be scheduled this fall in Connecticut, NOAA said in a Federal Register notice. Meanwhile, on Aug. 8, NOAA officially closed the record on the Millennium Pipeline appeal, leaving 90 days for it to make a final decision on the project.

The National Oceanic and Atmospheric Administration (NOAA) resumed the appeal process and reopened the comment period on the Islander East project earlier this month. The public comment period will extend to Nov. 20 and a public hearing on the project will be scheduled this fall in Connecticut, NOAA said in a Federal Register notice. Meanwhile, on Aug. 8, NOAA officially closed the record on the Millennium Pipeline appeal, leaving 90 days for it to make a final decision on the project.

Dynegy Inc. Monday announced that it has closed a series of refinancing and restructuring transactions, including (a) the offering of $1.45 billion in second priority senior secured notes and $175 million in convertible subordinated debentures and (b) the exchange of the $1.5 billion Series B Preferred Stock previously held by a subsidiary of ChevronTexaco Corp. Dynegy also received approximately $40 million from ChevronTexaco relating to the return of certain pre-payment amounts previously held by ChevronTexaco.

Wednesday’s swing market was almost a mirror image of the previous day. This time single-digit declines dominated the price table instead of the increases by largely similar amounts recorded on Tuesday. One trader said the mild softness on Wednesday is what he actually had expected for both days.

The July gas futures contract slid 19.6 cents lower on Monday to $6.314, succumbing to overbought conditions, pressure from strong gas storage injections, a declining storage deficit and normal temperatures across most of the nation.

Updating the progress on its ongoing asset sales program, Tulsa-based Williams reported Friday that it has closed three previously announced transactions involving sales of assets and a power contract for approximately $663 million in aggregate consideration.