Privately

A new giant is set to emerge from a venture of New Orleans-basedEntergy Corp. and privately held Koch Industries Inc. Entergy-KochLP will be a North American and European powerhouse in electricityand gas, gas transmission and weather derivatives and will be owned50% by each of its partners. A big focus of the venture will beweather derivatives, of which Koch is a pioneer.

A new giant is set to emerge from a venture of New Orleans-basedEntergy Corp. and privately held Koch Industries Inc. Entergy-KochLP will be a North American and European powerhouse in electricityand gas, gas transmission and weather derivatives and will be owned50% by each of its partners.

Moving another step closer to becoming a privately-held company,MidAmerican Energy announced yesterday that its shareholdersoverwhelmingly approved the company’s proposed sale to BerkshireHathaway Inc. The company anticipates receiving all requiredapprovals in the first quarter of this year.

New York-based Sithe Energies, a privately held leadingindependent power producer, said it has hired Goldman, Sachs &Co. as an advisor in its previously announced intention to sell thecompany.

New York-based Sithe Energies, a privately held leadingindependent power producer, said it has hired Goldman, Sachs &Co. as an advisor in its previously announced intention to sell thecompany.

Prize Energy, a privately-held Dallas-based producer, increasedits core area production and reserve base yesterday by announcing adefinitive merger agreement with Vista Energy Resources. Thetransaction will create a mid-sized independent oil and gas companynamed Prize Energy Corp. with assets valued in excess of $450million. The merger is expected to be completed in the fourthquarter of this year.

Philadelphia-based Resource America Inc. announced it has signedan agreement to acquire the stock of Viking Resources Corp., aprivately held energy and energy finance company based in NorthCanton, OH, and centered in the Appalachian Basin.

Philadelphia-based Resource America Inc. announced it has signedan agreement to acquire the stock of Viking Resources Corp., aprivately held energy and energy finance company based in NorthCanton, OH, and centered in the Appalachian Basin.

Separating itself from government-created organizations like theCalifornia Power Exchange, the privately funded California-basedAutomated Power Exchange (APX) yesterday (July 27) announced plansto set up shop with a cash-based exchange in Illinois this fallwhen customer choice begins (Oct. 1) in the electricity industry.The announcement was made in Chicago in conjunction with localinvestor-owned utility Commonwealth Edison, whose transmissionsystem will be used to create a competitive power market inIllinois.