Texas Gov. George W. Bush appointedBrett A. Perlman of Houstonto the Public Utility Commission of Texas to serve a term endingSept. 1, 2003. Perlman is a management consultant with McKinsey andCo. Inc., specializing in high technology and telecommunications.He is responsible for providing strategic planning advice to seniorexecutives of Fortune 500 companies. He was previously an attorneywith the law firm of Jenkens and Gilchrist in Houston and from1985-89, was an attorney with the Washington D.C. law firm of AkinGump Strauss Hauer & Feld.
Ending
Articles from Ending
Dreyfus Gets $40M for Ending Contract
Louis Dreyfus Natural Gas received a payment of $40 million forearly termination of a long-term, fixed-price gas sales contract.The terminated contract, which was with an independent powerproducer, covered 4 Bcf/year of gas which would have been deliveredthrough 2006. The total volumes of 33 Bcf, covered by thisterminated contract, are now available to be sold to othercustomers or in the spot market. Proceeds will be used to reducebank debt. The payment monetizes a portion of the value of Dreyfus’portfolio of long-term, fixed-price contracts. The value of thesecontracts is not reflected on its balance sheet. In the aggregate,the remaining contracts have a present value (discounted 10%) inexcess of market of about $125 million.
July 2, 1998
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