Definitive

Aquila Energy, a subsidiary of UtiliCorp United, said yesterdayit has reached a definitive agreement to buy GPU Inc.’s subsidiaryGPU International Inc., including its interests in six U.S.-basedgenerating plants and a development generating project, for $225million.

Independent oil and gas operator Central Resources entered intotwo definitive sale agreements to sell specific oil and gasproperties and related facilities located in West Texas, themid-continent and Rockies areas, the four corners area and alongthe Texas, Louisiana and Mississippi Gulf Coast. Total proceedsfrom the sale are estimated at $70 million. Denver-based CentralResources CEO Paul Zecchi said the company will use the cashproceeds on “future acquisition and development opportunities”domestically as well as internationally. The sale transactions wereeffective on June 1, and are expected to be completed inmid-to-late September.

Duke Energy Gas Transmission (DEGT) announced it has enteredinto a definitive agreement to purchase Market Hub Partners (MHP)and its 23 Bcf of natural gas salt cavern storage. The unit isbeing spun off by NiSource Inc. as a result of its planned mergerwith Columbia Energy.

Transocean Sedco Forex reached a definitive agreement to acquireR&B Falcon Corp. in a 100% stock transaction for a total costof $8.8 billion. The transaction will result in what the companiesclaim will be the largest offshore drilling contractor.

Tengasco, Inc. and its subsidiary, Tengasco Pipeline Corp.(TPC), have entered into a definitive agreement to finance thecompletion of TPC’s 58-mile intrastate Swan Creek natural gaspipeline system in Tennessee.

Tengasco, Inc. and its subsidiary, Tengasco Pipeline Corp.(TPC), have entered into a definitive agreement to finance thecompletion of TPC’s 58-mile intrastate Swan Creek natural gaspipeline system in Tennessee.

AGL Resources Inc. announced last week it has signed adefinitive agreement to acquire Virginia Natural Gas (VNG), awholly owned subsidiary of Dominion Resources, for $500 million incash. Dominion was required by regulatory authorities to sell theproperty as part of its merger completed earlier this year withConsolidated Natural Gas.

AGL Resources Inc. announced late yesterday it has signed adefinitive agreement to acquire Virginia Natural Gas (VNG), awholly owned subsidiary of Dominion Resources, for $500 million incash. Dominion was required by regulatory authorities to sell theproperty as part of its merger completed earlier this year withConsolidated Natural Gas.

LG&E Energy and PowerGen plc filed a joint application withthe Kentucky Public Service Commission seeking approval of theirdefinitive merger agreement. The company hopes to have the KentuckyPublic Service Commission issue an order by May 15. In a separateaction yesterday, the U.S. Securities and Exchange Commission (SEC)approved a merger of National Grid Group plc of the United Kingdomwith the New England Electric System of the United States — atransaction very similar to the LG&E Energy-PowerGen agreement.”This filing with the Kentucky Public Service Commission keeps uson schedule to complete the merger within nine to 12 months,” saidLG&E Energy Chairman and CEO Roger W. Hale. “In addition, theSEC’s approval of foreign ownership of a U.S. utility companyclearly helps move our approval process forward. Our transaction isvery similar to the National Grid Group-New England Electric Systemdeal.”