Composed

Allegheny Energy Inc. announced Friday it had completed the sale of its West Virginia natural gas operations to Mountaineer Gas Holdings, a partnership composed of IGS Utilities and affiliates of ArcLight Capital Partners. Cash proceeds received by Allegheny at closing were $161 million. The buyer has also assumed $87 million of the company’s debt. Allegheny’s natural gas operations include Mountaineer Gas Company, Mountaineer Gas Services and West Virginia Power Gas Services. Effective Oct. 1, all of these utilities will begin to do business as Mountaineer Gas.

A newly formed alliance composed of California air quality, transportation and energy officials and private sector representatives released a list of specific goals last week for the deployment of more natural gas powered vehicles (NGVs) across the state.

A newly formed alliance composed of California air quality, transportation and energy officials and private sector representatives released a list of specific goals Tuesday for the deployment of more natural gas powered vehicles (NGVs) across the state.

A management group composed of all the corporate officers ofVirginia Gas Co. has presented a proposal to the company’s board toacquire all outstanding shares of the company’s common stock. Underthe proposal, each shareholder would be offered $4 in cash for eachshare. The cash purchase price represents a 33% premium to theclosing price of the company’s shares on Dec. 6. Michael L.Edwards, the company’s president and CEO, leads the managementgroup. The ultimate success of the proposal is contingent on thenecessary approvals of the shareholders, the board and regulators,as well as obtaining the necessary financing. Virginia Gas, basedin Abingdon, VA, is involved in all aspects of the gas businessfrom E&P to pipelines, storage and distribution.