Indirect

The Williams Cos. expects a restructuring of $1.4 billion in notes issued by the WCG Note Trust, an indirect wholly-owned subsidiary of Williams Communications Group Inc., to be completed in the “very near future,” after favorable talks with investors.

White Plains, NY-based U.S. Energy Systems Inc. on Tuesday reported that it is acquiring Trigen Energy Canada Co., an indirect subsidiary of Trigen Energy Corp., in a transaction totaling $18 million. The acquisition includes two district energy systems, one located in Charlottetown, PE and the other in London, ON. The Charlottetown District Energy System provides heating and other energy services to 102 customer buildings under long-term contracts, including provincial and privately owned buildings in the downtown area. U.S. Energy Systems said that energy is produced at Charlottetown’s renewable biomass and energy- from-waste facilities. The London District Energy System features a combined heat and power plant that provides electricity, heating and cooling. Energy services are provided to 71 customer buildings. Electricity is also sold to the municipal utility, London Hydro. U.S. Energy Systems is an independent producer of power, generated close to the customer. It develops, owns and operates combined heat and power plants and energy plants utilizing renewable fuels in North America.

Crosstex Energy Services announced it has purchased Tejas GasTransmission LLC, an indirect subsidiary of Coral Energy, for anundisclosed amount. Tejas owns the 484-mile Gulf Coast PipelineSystem, which transports about 120 MMcf/d of gas, and includes asupply and marketing team, called G C Marketing Co.

Crosstex Energy Services announced it has purchased Tejas GasTransmission LLC, an indirect subsidiary of Coral Energy, for anundisclosed amount. Tejas owns the 484-mile Gulf Coast PipelineSystem, which transports about 120 MMcf/d of gas, and includes asupply and marketing team, called G C Marketing Co.

Kinder Morgan Energy Partners LP (KMP) continued amassing gasassets yesterday, buying an indirect 33.3% interest in TrailblazerPipeline from an affiliate of Columbia Energy Group for $38 millionin cash. The move comes only a week after Kinder Morgan Inc. (KMI),parent of the general partner in KMP, announced plans to transfer$700 million in former KN Energy assets to the company, includinganother 33.3% share in Trailblazer.

Shareholders of Canada’s Tarragon Oil and Gas Ltd. yesterdayapproved the indirect acquisition of their company by Marathon Oilfor an estimated $1.1 billion. Still, the final fate of the mergerwas up to the Ontario Court (General Division), which was expectedto issue a favorable decision either late Tuesday or today.

New York State Electric and Gas’ indirect subsidiary XENERGYInc. has won a contract to provide gas and power supply procurementand management services for 3,000 state facilities of theCommonwealth of Massachusetts. The first phase of the three-phasecontract begins immediately, and is worth almost $500,000. Thecommonwealth spends $80 million/year on gas and electricity for allits facilities.