Houston-based Reliant Resources said Friday it has decided to leave the financial gas trading business after it incurred an estimated $80 million pre-tax loss when it closed trading positions that were battered by high prices in late February.
Depart
Articles from Depart
Richard to Depart Columbia When Merger Completed
NiSource Inc. last week unveiled the new organizationalstructure that will be in place when its $6 billion merger withColumbia Energy Group is completed, and noticeably absent from theroster was Columbia Chairman, CEO and President Oliver “Rick”Richard III who had fought tooth and nail to fend off NiSource’soverture.
August 7, 2000
Swing Prices Depart January on an Even Keel
Incremental prices closed out the month of January once againdefying bearish demand factors. In deals done Friday, most averagesvaried little from their Thursday positions. And though traderswere separating weekend business into Saturday/Sunday andMonday-only deals due to the shift from January to February, theyreported little appreciable difference in pricing between the twotime periods.
February 1, 1999
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