Investment banking firm Merrill Lynch & Co. said Thursday 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.
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CenterPoint Energy to Sell Texas Genco for $3.65B to Investor Group
CenterPoint Energy Inc. and Texas Genco Holdings Inc. last week unveiled a definitive agreement for GC Power Acquisition LLC to acquire Texas Genco, a wholesale electric power generation company, for $3.65 billion in cash. The agreement includes a buy-out of Texas Genco’s public shareholders.
Reliant to Sell 770 MW of NY Generation Assets to Brascan for $900M
Reliant Energy last week said it has entered into a definitive agreement with Brascan Corp. to sell it 770 MW of power generation assets located in upstate New York for $900 million in cash, subject to certain closing adjustments.
Calpine to Sell 50% Stake in 545 MW Texas Power Plant
Calpine Corp. last Monday said that it has entered into a definitive agreement to sell its 50% interest in the 545 MW Lost Pines 1 Power Project to GenTex Power Corp.
Scana to Acquire Energy America’s Gas Customers in Georgia
Scana Energy announced a definitive agreement Thursday to acquire Energy America LLC’s 50,000 customers in the Georgia for an undisclosed amount. With this transaction, Scana’s total customer base will increase to more than 450,000 in Georgia, which represents about 30% of the 1.5 million customers in the state’s natural gas market.
Sunoco Logistics to Acquire NGL Pipe Share From Williams
Sunoco Logistics Partners LP said Monday that it has reached definitive agreements to acquire interests in two natural gas liquids (NGL) pipelines from the Williams Companies. The interests include a 37.35% share in Wilprise Pipeline Co. LLC. and a 16.67% stake in Tri-States NGL Pipeline LLC.
Junior Independent Imperial Acquires More U.S. Assets
Junior independent Imperial Petroleum Inc. has signed a definitive agreement with Hillside Oil & Gas LLC to acquire its Texas, New Mexico and Louisiana oil and gas assets for approximately $5.88 million. Imperial, headquartered in Evansville, IN, will retire Hillside’s bank debt and pay off its accounts payable at closing as well as provide one million shares of restricted stock.
Reliant in Pact to Sell 588 MW Arizona Plant for $288.5M
Reliant Resources Inc. last Wednesday said that it has entered into a definitive agreement for the sale of its 588 MW Desert Basin plant in Arizona to the Salt River Project Agricultural Improvement and Power District (SRP) for $288.5 million.
XTO to Buy 11% of Williams’ U.S. Proved Reserves in $400M Deal
XTO Energy Inc. has entered into a definitive agreement with units of Williams to pay $400 million for some natural gas and coalbed methane (CBM) producing properties located in the Raton Basin of Colorado, Hugoton Field of southwestern Kansas and the San Juan Basin of New Mexico and Colorado. XTO estimates proved reserves to be 311 Bcfe, of which 77% are proved developed.
Williams Signs Deal to Sell Texas Gas Pipe to Loews Insurance, Hotel Concern
Williams reported last Monday it signed a definitive deal to sell its Gulf Coast pipeline system, Texas Gas Transmission Corp., to a unit of Loews Corp. for $795 million in cash and the assumption of $250 million in debt.