CMS Energy Corp. got encouraging news from Moody’s Investors Service on Wednesday, when the ratings agency assigned “B2” ratings to its new secured bank credit facilities. The ratings, said Moody’s, reflect not only the ongoing nature of the stressed financial profile of the company, but the “significant progress” made to execute its asset sales strategy.
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Dominion Posts Strong 2Q Results; Increases Power Portfolio
Coming as some encouraging news in an energy industry in the midst of a financial and credit crisis, Dominion reported Thursday operating earnings for the second quarter of $272 million (97 cents per share), compared with $180 million (72 cents per share) for the same period in 2001, excluding a $25 million charge related to the divestiture of Saxon Capital, Inc.
July 22, 2002
Rockies Poised For Role In 30 Tcf Market
Rocky Mountain gas producers heard encouraging news on the rolethey could play in helping the industry achieve a 30 Tcf market by2010. Several speakers at the Colorado Oil & Gas Association’sannual conference earlier this month in Denver delivered themessage that it’s largely up to the Rockies to make that kind ofmarket growth a reality.
August 23, 1999
30 Tcf Will Place Demand on Rockies Producers
Rocky Mountain gas producers heard encouraging news last week onthe role they could play in helping the industry achieve a 30 Tcfmarket by 2010. Several speakers at the Colorado Oil & GasAssociation’s annual conference last week in Denver delivered themessage that it’s largely up to the Rockies to make that kind ofmarket growth a reality.
August 16, 1999
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