Faceted

Following the lead of other multi-faceted energy marketers forced to sell income-producing assets to build cash, CMS Energy Corp. is negotiating the possible sale of its entire domestic pipeline and field services businesses, worth a combined net value of $1.4 billion. Assets on the table include the Panhandle Eastern and Trunkline interstate natural gas pipelines, the Lake Charles, LA, liquefied natural gas (LNG) receiving terminal, CMS Field Services’ gas gathering and processing assets, and its one-third ownership interest in Guardian Pipeline.