While prices for all of the energies have been on the rise for the past year, the price increases in natural gas and crude oil have not been proportionate, a departure from the norm, according to a new Merrill Lynch study.
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Dynegy Shareholder ChevronTexaco to Purchase More Stock
Dynegy Inc. said Thursday that its major shareholder, ChevronTexaco, plans to exercise its pre-emptive right to retain a proportionate 26.5% common stock ownership interest in the Houston-based company. ChevronTexaco said it will purchase 10.4 million shares of Class B common stock, with net proceeds from the sale totaling $205 million to be used for general corporate purposes, including debt reduction.
January 18, 2002
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