GE Power Systems has not been able to keep its gas and steamturbines on the shelves, as Reliant Energy, Duke Energy NorthAmerica and NRG Energy all recently signed long-term multi-turbineagreements.
Hotcakes
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El Paso Pulls Off FTC-Required Sellathon
Pipes were selling like hotcakes last week as El Paso EnergyCorp. divested its interest in three major pipelines to meetFederal Trade Commission (FTC) conditions set just before El Pasoand Sonat finalized their merger last year. East Tennessee Pipelinewas spun off to Duke Energy Gas Transmission, the Sea RobinPipeline went to CMS Energy and El Paso’s share of the Destin Pipeline was sold toan undisclosed buyer. Combined, all three assets were sold for $620 million.Closings on the sales are expected to occur within the next fewmonths, pending FTC consent, El Paso said.
January 10, 2000
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