DuPont is planning a stock split-off to establish Conoco as afully independent company. The split off would be achieved throughan exchange offer providing DuPont stockholders the opportunity toexchange, on a tax-free basis, shares of DuPont common stock forshares of Conoco Class B common stock currently held by DuPont. Theexchange offer is subject to approval by the SEC and acceptablemarket conditions. It is expected the exchange offer will becompleted in the third quarter.
Establish
Articles from Establish
Gas Legislation on Front Burner in VA
Legislation has been introduced in the Virginia General Assemblythat would establish a framework for gas restructuring in thestate, authorizing, but not mandating, utilities to implementstatewide customer choice programs.
February 1, 1999
Gas Restructuring Legislation on Front Burner in Virginia
Legislation has been introduced in the Virginia General Assemblythat would establish a framework for gas restructuring in thestate. Columbia Gas of Virginia, the first LDC in the state toimplement a gas supply choice program, is a main proponent of thebill, SB1105, which is being sponsored by State Sen. Charles Colgan(D-Manassas). A companion bill is being sponsored by Del. EricCantor (R-Henrico) in the House.
January 27, 1999
Duke Buying Australian Power Business
Duke Energy International, LLC (DEI) acquired Broken HillProprietary Company Ltd.’s power business (BHP Power) for $315million. The purchase will establish DEI as an industrial energyfacility operator in the emerging competitive Australianelectricity market.
December 21, 1998
API to Create Gas ‘Component’
As part of a major reorganization plan, the American PetroleumInstitute (API) says it plans to establish a “natural gascomponent” aimed at attracting medium-to-small sized companies asnew members and at retaining current API members.
May 6, 1998
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
