Divests

Duke Energy Field Services Divests Additional $90+ Million in Gas Assets

Continuing with its plan of focusing on core assets, Duke Energy Field Services (DEFS) on Friday signed two separate purchase and sale agreements by which it will sell one package of assets in Mississippi, Texas, Alabama and Louisiana to Crosstex Energy Services LP. and a second package of assets in eastern Oklahoma to ScissorTail Energy LLC.

May 5, 2003

Duke Energy Field Services Divests Additional $90+ Million in Gas Assets

Continuing with its plan of focusing on core assets, Duke Energy Field Services (DEFS) on Friday signed two separate purchase and sale agreements by which it will sell one package of assets in Mississippi, Texas, Alabama and Louisiana to Crosstex Energy Services LP. and a second package of assets in eastern Oklahoma to ScissorTail Energy LLC.

May 5, 2003

Calpine Divests $81M in Canadian Assets; Secures Blue Spruce Financing

In an effort to strengthen its liquidity in these tumultuous times for the energy industry, Calpine Corp. said late last week that it has entered into an agreement to sell certain non-strategic Canadian oil and gas properties for $81 million (C$125 million). In addition, the San Jose, CA-based company secured $106 million in non-recourse project financing to give it the leverage to complete construction of its 300 MW Blue Spruce Energy Center in Aurora, CO, east of Denver.

September 2, 2002

Calpine Divests $81 Million in Non-core Canadian Oil and Gas Assets

In an effort to strengthen its liquidity in these tumultuous times for the energy industry, San Jose, CA-based Calpine Corp. said Thursday that it has entered into an agreement to sell certain non-strategic oil and gas properties for $81 million (C$125 million). Calpine inked the deal with NAL Resources on behalf of NAL Oil & Gas Trust and another institutional investor.

August 30, 2002

Williams Divests Three South Texas Gathering Systems

Continuing its plan to divest non-core assets and strengthen its balance sheet, Williams’ midstream gas and liquids group sold three natural gas gathering systems located in South Texas for $6 million to Hurd Investments of San Antonio and a subsidiary of Houston-based Copano Energy. The companies purchased Williams’ 76% partnership interest in the Webb-Duval system, and 100% ownership interests in the Olmitos and Cinco Compadres systems.

February 4, 2002

Williams Divests Three South Texas Gathering Systems

Continuing its plan to divest non-core assets and strengthen its balance sheet, Williams’ midstream gas and liquids group said late Thursday that it has sold three natural gas gathering systems located in south Texas for $6 million to Hurd Investments of San Antonio and a subsidiary of Houston-based Copano Energy. The companies purchased Williams’ 76% partnership interest in the Webb-Duval system, and 100% ownership interests in the Olmitos and Cinco Compadres systems.

February 1, 2002

Southern Union Forms New England Co., Divests Florida Operations

Taking another step in its previously announced cash flow improvement plan, Austin, TX-based Southern Union Co. announced that it has sold all of the assets of its Atlantic Utilities division to Florida Public Utilities Co. in an all-cash transaction.

December 24, 2001

Southern Union Forms New England Co., Divests Florida Operations

Taking another step in its previously announced cash flow improvement plan, Austin, TX-based Southern Union Co. said Monday that it has sold all of the assets of its Atlantic Utilities division to Florida Public Utilities Co. in an all-cash transaction.

December 18, 2001

Entergy to Beat 2Q Consensus by 5%, Divests UK Plant

Despite decreased earnings from its wholesale operations and the impact of normal weather, Entergy Corp. indicated last Thursday that it is confident its second quarter 2001 earnings will be at least 5% higher than the current published First Call earnings consensus of $0.91 per share. The company attributed the strong results to “excellent performance” in its competitive businesses.

July 9, 2001

Entergy to Beat 2Q Consensus by 5%, Divests UK Plant

Despite decreased earnings from its wholesale operations and the impact of normal weather, Entergy Corp. indicated on Thursday that it is confident its second quarter 2001 earnings will be at least 5% higher than the current published First Call earnings consensus of $0.91 per share. The company attributed the strong results to “excellent performance” in its competitive businesses.

July 6, 2001
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