Definitive

Warren Buffett’s appetite for energy assets displayed itself again last week as his MidAmerican Energy Holdings Co. reached a definitive agreement with United Kingdom-based ScottishPower to buy electric affiliate PacifiCorp for $5.1 billion in cash, plus the assumption of $4.3 billion of debt. MidAmerican already has two major interstate natural gas pipelines in addition to its midwestern utility operations.

Warren Buffett’s MidAmerican Energy Holdings Co. on Tuesday said it reached a definitive agreement with United Kingdom-based ScottishPower to buy electric affiliate PacifiCorp for $5.1 billion in cash, plus the assumption of $4.3 billion of debt. MidAmerican already has two major interstate natural gas pipelines in addition to its midwestern utility operations.

Energy giant Duke Energy Corp. announced Monday that it has entered into a definitive agreement to acquire Cincinnati, OH-based Cinergy Corp. for $9 billion in stock, creating a formidable utility company with 5.4 million natural gas and electric customers. Company officials also hinted the future might see Duke splitting off its natural gas assets and going forward as a pure electric play.

The Canadian subsidiary of Dallas-based Pioneer Natural Resources Co. has signed a definitive agreement to sell its Martin Creek, Conroy Black and Lookout Butte oil and gas properties to Ketch Resources Ltd. for $207 million. The transaction is expected to close by May 31.

The Canadian subsidiary of Dallas-based Pioneer Natural Resources Co. has signed a definitive agreement to sell its Martin Creek, Conroy Black and Lookout Butte oil and gas properties to Ketch Resources Ltd. for $207 million. The transaction is expected to close by May 31.

Enbridge Energy Partners LP announced last Tuesday it signed a definitive purchase agreement to acquire natural gas gathering and processing assets in North Texas from Devon Energy Corp. for an undisclosed amount.

Enbridge Energy Partners LP announced Tuesday it has signed a definitive purchase agreement to acquire natural gas gathering and processing assets in North Texas from Devon Energy Corp. for an undisclosed amount.

Enbridge Energy Partners LP announced Tuesday it has signed a definitive purchase agreement to acquire natural gas gathering and processing assets in North Texas from Devon Energy Corp. for an undisclosed amount.

Investment banking firm Merrill Lynch & Co. last Thursday said it entered into a definitive agreement to buy the energy trading operations of Entergy-Koch LP., a joint venture of Entergy Corp. and Koch Industries Inc.