Exit

Northeast Utilities (NU) announced Wednesday that following a previously announced comprehensive review of its competitive energy businesses it has decided to exit wholesale energy marketing and energy services, which are run by its competitive energy investment arm, NU Enterprises Inc. (NUEI). The company will stay in the competitive generation and retail energy marketing business.

KeySpan Corp. said Wednesday it has closed its previously announced transaction to completely exit ownership interest in the Houston Exploration Co., which it founded in the 1980s (see Daily GPI, Nov. 22).

KeySpan Corp. said Wednesday it has closed its previously announced transaction to completely exit ownership interest in the Houston Exploration Co., which it founded in the 1980s (see Daily GPI, Nov. 22).

NorthWestern Energy Corp., the South Dakota-based utility holding company, indicated last Wednesday it expects to emerge from Chapter 11 bankruptcy today, despite eleventh-hour legal challenges from one unsecured creditor, Magten Asset Management Corp. Magten’s request for a stay was turned down last week by the U.S. Bankruptcy Court Judge Charles Case in Delaware, and the firm has turned to a federal district court in South Dakota where its plea was expected being heard on Friday.

NorthWestern Energy Corp., the South Dakota-based utility holding company, indicated Wednesday it expects to emerge from Chapter 11 bankruptcy Monday, despite eleventh-hour legal challenges from one unsecured creditor, Magten Asset Management Corp. Magten’s request for a stay was turned down Monday by the U.S. Bankruptcy Court Judge Charles Case in Delaware, and the firm has turned to a federal district court in South Dakota where its plea is expected to be heard Friday.

NorthWestern Energy Corp., the South Dakota-based utility holding company, indicated Wednesday it expects to emerge from Chapter 11 bankruptcy Monday, despite eleventh-hour legal challenges from one unsecured creditor, Magten Asset Management Corp. Magten’s request for a stay was turned down Monday by the U.S. Bankruptcy Court Judge Charles Case in Delaware, and the firm has turned to a federal district court in South Dakota where its plea is expected to be heard Friday.

CMS Energy said it completed its exit from the Australian energy industry with the sale of its interests in the Parmelia and Goldfields pipelines in western Australia to the Australian Pipeline Trust for about US$147 million (AU$206 million), or about $2 million more than prior estimates.

CMS Energy said it completed its exit from the Australian energy industry with the sale of its interests in the Parmelia and Goldfields pipelines in western Australia to the Australian Pipeline Trust for about US$147 million (AU$206 million), or about $2 million more than prior estimates.

Tulsa-based Williams said Thursday it had completed the sale of its Alaska business interests, completing its exit from the petroleum refining and marketing business.