Former

Texas-New Mexico Power in Leveraged Buyout

TNP Enterprises, the parent company of Texas-New Mexico PowerCo. (TNMP), was bought by a group of investors headed by WilliamCatacosinos, the former CEO of Long Island Lighting Co., for $1billion, including assumed debt, the parties announced last week.The deal, which TNP said was the first leveraged buyout of anelectric utility, is expected to close in six to nine months.

May 31, 1999

Investor Group Buys TNP Enterprises

TNP Enterprises, the parent company of Texas-New Mexico PowerCo. (TNMP), was bought by a group of investors headed by WilliamCatacosinos, the former CEO of Long Island Lighting Co., for $1billion, including assumed debt, the parties announced yesterday.The deal, which TNP said was the first leveraged buyout of anelectric utility, is expected to close in six to nine months.

May 26, 1999

People

Terry Keane, former vice president of Smith International,Houston, has been named vice president and general manager of theGas Research Institute’s Exploration and Production Business Unitin Chicago.

April 6, 1999

Downed Canadian Nukes Spur Gas-Fired Construction

A former “wild card” in the outlook for Canada’s biggest energymarket is starting to look like an ace for natural gas that willpay off for American as well as Canadian suppliers, according tonew evidence before the National Energy Board. The NEB has beentold a healthy growth market for gas is developing fast as a resultof Ontario Hydro’s shutdowns of nuclear power generators andelectricity deregulation. According to the evidence a C$1.7-billion(US$1.2-billion) chain of gas-fired power projects is rising fromthe ashes of the Crown Corp.’s crumbling monopoly and troublednuclear facilities.

December 21, 1998

Downed Canadian Nuclear Plants Spur Gas-Fired Construction

A former “wild card” in the outlook for Canada’s biggest energymarket is starting to look like an ace for natural gas that willpay off for American as well as Canadian suppliers, according tonew evidence before the National Energy Board. The NEB has beentold a healthy growth market for gas is developing fast as a resultof Ontario Hydro’s shutdowns of nuclear power generators andelectricity deregulation. According to the evidence, aC$1.7-billion (US$1.2-billion) chain of gas-fired power projects isrising from the ashes of the Crown Corp.’s crumbling monopoly andtroubled nuclear facilities.

December 21, 1998

Moler Joins Vinson & Elkins Energy Practice

Elizabeth Anne “Betsy” Moler, former deputy secretary of theU.S. Department of Energy and chair of the Federal EnergyRegulatory Commission,is leaving the public sector for privatepractice at a major law firm.

November 16, 1998

People

Elizabeth Anne “Betsy” Moler, former deputy secretary of theU.S. Department of Energy and chair of the Federal EnergyRegulatory Commission, is leaving the public sector for privatepractice at a major law firm. Moler will become a partner and serveas co-chair of Vinson &amp Elkins LLP’s electric power practice. AtVinson &amp Elkins, Moler will focus on the restructuring of theNorth American power industry and on the increasing role ofcompetition in the gas business, both areas where she has played amajor role while in government. “I hope to put my 30 years ofgovernment experience to good use advising private sector clientsas they chart a course through the challenges posed by anincreasingly competitive business environment. Virtually all of myprofessional experience has been in the energy area, so Vinson &ampElkins, with its large and varied energy practice, seems like aperfect fit for me.” Moler played a significant role in FERC’sdevelopment and implementation of Order No. 636 and was chair ofthe FERC when it issued its Order No. 888, which opened thenation’s electric transmission grid. Vinson &amp Elkins has 580lawyers with more than 175 involved in various aspects of itsenergy practice. The firm has offices in Austin, TX; Beijing,Dallas, Houston, London, Moscow, New York, Singapore, andWashington, D.C.

November 16, 1998

Cinergy Shuffles Marketing Executives

Cinergy Corp. is reorganizing its power and gas tradingoperations in the wake of former President J. Wayne Leonard’sdeparture to Entergy Corp. Cinergy has named Madeleine W. Ludlow,currently vice president and chief financial officer, to be the newpresident of Cinergy Capital and Trading and announced Michael J.Cyrus, an executive with Electric Clearinghouse, will becomeexecutive vice president, overseeing power trading operations.

April 7, 1998
1 30 31 32 Next ›