Downstream

AES Enters Retail Gas and Electric Arenas

AES Corp., a major electric generation and distribution company, continued to shift its focus onto downstream operations by forming a new subsidiary, Power Direct, to compete for electricity and natural gas retail customers in U.S. markets. Power Direct already is licensed to sell electricity in New Jersey and anticipates the receipt of a license in Pennsylvania by the end of August. The company plans to begin marketing in those states in the near future.

August 30, 1999

AES Enters Retail Gas and Electric Arenas

AES Corp., a major electric generation and distribution company,continued to shift its focus onto downstream operations by forminga new subsidiary, Power Direct, to compete for electricity andnatural gas retail customers in U.S. markets, the company saidyesterday. Power Direct is already licensed to sell electricity inNew Jersey and anticipates the receipt of a license in Pennsylvaniaby the end of August. The company plans to begin marketing in thosestates in the near future.

August 25, 1999

Merger Week in Energy Ends with Four New Deals

Merger fever swept through the downstream sector of the energy industry last week with four new combinations announced and three others approved by FERC. It was one of the hottest weeks yet for corporate marriages and many observers still believe it’s only the beginning.

June 21, 1999

CMS Adds Midstream and Downstream Assets

CMS Gas Transmission and Storage Co., the new pipeline division of the Michigan utility, continued to grow last week as its subsidiary CMS Continental Natural Gas purchased Anson Gas Marketing and the Midcontinent Gas Pipeline from Chesapeake Energy Marketing. Terms of the transaction were not disclosed.

June 14, 1999

CMS Adds Midstream and Downstream Assets

CMS Gas Transmission and Storage Co. continued its activitybinge Wednesday as its subsidiary CMS Continental Natural Gaspurchased Anson Gas Marketing and the Midcontinent Gas Pipelinefrom Chesapeake Energy Marketing. Terms of the transaction were notdisclosed.

June 10, 1999
1 6 7 8 Next ›