If the Nymex electricity futures contracts were a party, by nowthe chips would be stale and the drinks flat, with only a handfulof guests having shown. Despite much fanfare over their respectivelaunchings, the New York Mercantile Exchange’s five electricitycontracts have largely languished for lack of activity.
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KN Energy Board Hands Reins to Kinder Morgan
Recent basement-dweller KN Energy electrified the energyindustry Friday, announcing what one analyst called the deal of thedecade – a marriage with the brains and bucks of Houston’s KinderMorgan Inc. KN’s Chairman Larry Hall immediately resigned, KinderMorgan Chairman Richard D. Kinder, credited with helping buildEnron’s underpinnings, was named heir apparent, and KN’s stockprice soared nearly 55% in one day.
July 12, 1999
KN Energy Board Hands Reins to Kinder Morgan
Recent basement-dweller KN Energy electrified the energyindustry Friday, announcing what one analyst called the deal of thedecade – a marriage with the brains and bucks of Houston’s KinderMorgan Inc. KN’s Chairman Larry Hall immediately resigned, andKinder Morgan Chairman Richard D. Kinder, credited with helpingbuild Enron’s underpinnings, was named heir apparent. Theannouncement sent KN’s stock price soaring nearly 55% on Friday.
July 12, 1999
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