Closes

Closing on its previously announced acquisition, Evansville, IN-based Imperial Petroleum Inc. said Tuesday it has completed the acquisition of approximately 63.3% of the capital stock of Powder River Basin Gas Corp. in exchange for 2.65 million shares of Imperial common stock and a note payable for $200,000.

CMS Marketing, Services and Trading (MST) said it closed the sales of its wholesale electric book and related supply portfolio, and its 50% interest in Texon LP. The wholesale power book was sold to Constellation Power Source for $33.8 million with a possible increase to $40 million depending upon future performance of the book.

Natural Gas Partners (NGP) announced last Thursday it has completed the first and final closing of its most recent venture, Natural Gas Partners VII, L.P. (NGP7), at the maximum desired amount of $600 million due to strong investor demand.

Natural Gas Partners (NGP) announced Thursday it has completed the first and final closing of its most recent venture, Natural Gas Partners VII, L.P. (NGP7), at the maximum desired amount of $600 million due to strong investor demand.

El Paso Corp. announced Thursday that it completed a major financing to improve its balance sheet and completed the $500 million sale of its Midcontinent natural gas and oil reserves to Chesapeake Energy Corp.

PrimeWest Energy Trust Friday announced the closing of the previously announced transaction to purchase certain natural gas and crude oil properties located primarily in the Caroline and Peace River Arch areas of Alberta.

Mirant’s liquidity position heading into 2003 was significantly strengthened after the Atlanta-based company on Tuesday said that it has completed the sale of the company’s 33% economic interest in the Shajiao C power plant in China to China Resources Power Holding Co. Ltd. for $300 million.

AES Corp.’s ongoing liquidity crunch was significantly eased last week after the Arlington, VA-based power company said that it has successfully completed a $2.1 billion bank and bond refinancing and entered into agreements to sell two of its Australian generation businesses for $165 million.

PacifiCorp Power Marketing Inc., ScottishPower’s competitive U.S. energy business, said last week that it will officially change its name to PPM Energy Inc. on Jan. 15. The news comes one day after the Portland, OR-based company completed the acquisition of Aquila Inc.’s Katy gas storage facility, two development opportunities and two other storage facilities.