Atmos Energy Corp. has agreed to purchase Mississippi Valley Gas, the state’s largest gas utility, for $150 million. The definitive agreement calls for a $75 million cash deal, and another $75 million of Atmos common stock. Atmos also will assume Mississippi Valley’s outstanding debt, estimated to be $45 million. The deal will make the Dallas-based company the third-largest pure gas utility in the United States.
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Atmos Acquires Largest Gas Utility In Mississippi
Atmos Energy Corp. on Monday said it agreed to purchase Mississippi Valley Gas, the state’s largest gas utility, for $150 million. The definitive agreement calls for a $75 million cash deal, and another $75 million of Atmos common stock. Atmos also will assume Mississippi Valley’s outstanding debt, estimated to be $45 million. The deal will make the Dallas-based company the third-largest pure gas utility in the United States.
Atmos Energy to Acquire Storage Assets in Kentucky
Atmos Energy Corp. announced Tuesday it has reached a definitive agreement to acquire market area storage and associated pipeline facilities assets located in Kentucky from Kentucky Pipeline and Storage Company, Inc., an affiliate of WBI Holdings, Inc. Under the terms of the agreement, Atmos will purchase the assets for $13 million in cash. The transaction is subject to regulatory approval by the Kentucky Public Service Commission.
Atmos Makes a Major Push in Cajun Land
Atmos Energy Corp. said it has reached a definitive agreement topay $375 million for the gas operations of two Citizens UtilitiesCo. distribution subsidiaries — Louisiana Gas Service Co. and LGSNatural Gas Co. Atmos said the acquisitions will make it thelargest natural gas distributor in Louisiana with approximately359,000 customers.
Northern Border Completes Midwestern Pipe Deal
Two months after it first announced it had entered into a definitive agreement to purchase Midwestern Gas Transmission from El Paso Corp., Northern Border Partners LP (NBP) reported last week that it completed the estimated $100 million deal on April 30 after receiving approval from the Federal Trade Commission (FTC).
Northern Border Completes Midwestern Pipe Deal
Two months after it first announced it had entered into a definitive agreement to purchase Midwestern Gas Transmission from El Paso Corp., Northern Border Partners LP (NBP) reported on Monday that it completed the estimated $100 million deal on April 30 after receiving approval from the Federal Trade Commission (FTC).
SoCal Ed: Little Progress Toward Buyout
In the absence of any definitive regulatory or legislative moves as yet to implement a three-week-old memorandum of understanding (MOU) with the governor, Southern California Edison officials Tuesday acknowledged that creditors and other parts of the financial community are afraid the utility will join the state’s other major investor-owned utility, Pacific Gas and Electric, in bankruptcy court.
Ocean Energy Reels in Another, Acquires Ensight
Houston-based Ocean Energy Inc. continued on its acquisitiontrail Monday, reporting it has entered into a definitive purchaseand sale agreement with EnSight Resources L.L.C. to acquire all ofEnSight’s oil and gas assets, located primarily in East Texas andNorth Louisiana.
Northern Border Enters Deal to Buy Midwestern Gas
Northern Border Partners L.P. has executed a definitiveagreement to purchase Midwestern Gas Transmission from El PasoCorp. for an undisclosed price. The sale is expected to close inthe second quarter of this year, subject to necessary approvals.
Black Hills Energy Adds Generating Projects
Black Hills Energy Capital, Inc., the independent powersubsidiary of Black Hills Corp., says it has signed a definitiveagreement to purchase a 240 MW gas-fired turbine generationfacility located near Colorado Springs, CO, from Enron NorthAmerica.