Instead of spending much time and money building a larger directmarketing operation, Aquila Energy has formed a gas marketingpartnership with Empire District Electric Co., a Midcontinentregion electric utility, to target industrial customers in Empire’selectric service territory. Aquila said the deal is the first ofmultiple partnerships and alliances it plans to form in four keyregions of the country where the market is competitive and it has asignificant presence.
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Duke Forms Retail Alliance with Enviro-Check
Duke Energy Trading and Marketing formed an alliance withOrlando, FL-based Enviro-Check to sell gas and energy services tothe multi-family housing (MFH) industry. The agreement is a uniqueteaming of a major gas and power marketer with a conservation andsub-metering company.
June 24, 1998
Cinergy Buys ProEnergy, Forms Alliance with Oryx, Apache
Cinergy Corp. took a huge step in growing its commoditymarketing operation yesterday with the purchase of Producers EnergyMarketing, LLC, (ProEnergy) from owners Oryx Energy and ApacheCorp. for $42.5 million and with the signing of a 10-year marketingalliance that covers both producers’ entire marketable gas supply,or about 1.1 Bcf/d.
June 19, 1998
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