Austin, TX-based Green Mountain Energy has received aninvestment of $53.5 million to fund its growth in marketing cleanerenergy sources in deregulated markets in the United States. Oddlyenough, the investment will come overseas from Nuon, the largestutility in the Netherlands and a leading provider of green energyin Europe.
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Titan to Return $281,000 To PA Consumers
The Pennsylvania Office of Consumer Advocate (OCA) announced that Titan Energy, which was purchased by AES Power Direct, LLC for $6 million in cash at the end of July, will be returning an estimated $281,000 in uncashed deposit checks to approximately 6,300 of its Pennsylvania customers in the Columbia Gas and Peoples Natural Gas service territories (see NGI, July 31).
October 2, 2000
Titan to Return $281,000 to PA Consumers
The Pennsylvania Office of Consumer Advocate (OCA) announced thatTitan Energy, which was purchased by AES Power Direct, LLC for $6million in cash at the end of July, will be returning an estimated$281,000 in uncashed deposit checks to approximately 6,300 of itsPennsylvania customers in the Columbia Gas and Peoples Natural Gasservice territories (see Daily GPI, July,26).
September 29, 2000
Tractebel Digests Cabot LNG
Tractebel of Belgium yesterday completed the purchase of CabotLNG, the largest U.S. importer of liquefied natural gas, from CabotCorp., in a deal worth $680 million.
September 21, 2000
TC PipeLines Picks Up 49% of Tuscarora Gas
Calgary’s TC PipeLines LP now owns a 49% interest in the229-mile 20-inch interstate Tuscarora Gas Transmission Co., aNevada general partnership, after paying US$28 million to asubsidiary of TransCanada PipeLines Ltd.
September 6, 2000
Key, Columbus Deal to Fund Drilling, Acquisitions
Denver’s Key Production Co. has agreed to acquire all of theoutstanding common stock of Columbus Energy Corp. in exchange for1.3 million shares of Key common stock. When complete, Columbusshareholders will own about 10% of the combined company, with Keyshareholders owning the rest.
August 30, 2000
Aquila Inks Long-Term Deal with APEA
Aquila Energy said it has been awarded a $550 million long-termcontract to supply 154 Bcf of natural gas over 12 years to membersof the American Public Energy Agency (APEA). It is the fourthcontract the agency has awarded to Aquila since 1998.
August 29, 2000
Industry Brief
San Diego Gas & Electric (SDG&E) re-emphasized yesterdaythat it would be willing to arrange its 1.2 million customers’ paymentoptions to accommodate for the above normal electricity prices fromthe California Power Exchange. SDG&E announced it would not shutanybody’s power off for failure to pay through the remainder of thesummer through October. The utility also announced that it would notreport any of its customers to credit agencies during this period oradd late charges. Customers are encouraged to contact SDG&E to setup a flexible payment plan. Customers can call 1-800-411-SDGE or visitthe website, www.sdge.com
August 17, 2000
Atmos Buys 55% Stake in Woodward Marketing
Atmos Energy announced last week that it plans to spend about$33 million in stock to buy the remaining 55% share of WoodwardMarketing that it does not already own. The Houston-based marketersells about 125 Bcf/year of natural gas primarily to municipalitiesand industrial end-users in the Southeast and Gulf Coast regions.
August 14, 2000
Atmos Buys 55% Stake in Woodward Marketing
Atmos Energy announced plans to buy the remaining 55% share ofWoodward Marketing that it does not already own. It plans to pay$33 million in stock for the Houston-based marketer.
August 10, 2000
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