FERC Thursday approved four stipulation and consent agreements, requiring marketers and other energy firms to pay more than $8 million in civil penalties and disgorge approximately $4 million in unjust profits for allegedly engaging in fraudulent open-season bidding for natural gas transportation capacity on the Cheyenne Plains Natural Gas Co. pipeline. The agency also issued two orders to show cause resulting from an 18-month investigation into the illegal activity.
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ICE’s $1B Merger with NYBOT a Done Deal
Electronic energy marketplace IntercontinentalExchange (ICE) said late Friday it has consummated its $1 billion-plus merger with the New York Board of Trade (NYBOT), the 100-year-old open outcry exchange for sugar, coffee, cocoa, cotton and other commodities and financial products. The transaction consideration comprised 10.297 million shares of ICE common stock and $400 million in cash.
January 16, 2007
ICE’s $1B Merger with NYBOT a Done Deal
Electronic energy marketplace IntercontinentalExchange (ICE) said late Friday that it has consummated its $1 billion-plus merger with the New York Board of Trade (NYBOT), the 100-year-old open outcry exchange for sugar, coffee, cocoa, cotton and other commodities and financial products. The transaction consideration comprised 10.297 million shares of ICE common stock and $400 million in cash.
January 15, 2007
NGI The Weekly Gas Market Report
Combined WPS-Peoples Will Focus Mainly on Regulated Businesses
Assuming it’s consummated, the acquisition of Peoples Energy Corp. by WPS Resources Corp. will result in a Chicago-based utility holding company with a Green Bay, WI-based nonregulated energy marketing operation. The company will have regulated utilities in four midwestern states. Nonregulated businesses will serve customers in the Northeast and Canada.
January 15, 2007
Dominion, CNG Plan Up to 2,400 MW of New Power
Even before their merger is consummated, Dominion Resources andConsolidated Natural Gas are making plans to begin development offour gas-fired peaking power generation facilities along CNGTransmission in Ohio, Pennsylvania and West Virginia. Thefacilities represent up to $800 million in local investment. Allfour plants are expected to be in service in time for peak summerdemand in 2002.
May 31, 1999
Dominion, CNG Plan Up to 2,400 MW of New Power
Even before their merger is consummated, Dominion Resources andConsolidated Natural Gas are making plans to begin development offour gas-fired electric power generation facilities along CNGTransmission in Ohio, Pennsylvania and West Virginia. Thefacilities represent up to $800 million in local investment. Allfour plants are expected to be in service in time for peak summerdemand in 2002.
May 26, 1999
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