Home heating products retailer Dead River Co. plans to sell and supply compressed natural gas (CNG) to commercial and institutional customers in central, northern and eastern Maine from Xpress Natural Gas’ (XNG) soon-to-be-completed CNG terminal in Washington County, ME, the companies said. The customers to be served typically use at least 75,000 gallons of heating oil annually. Boston-based XNG currently trucks liquefied natural gas to industrial customers. The partnership brings together XNG proprietary technology with Dead River’s more than one hundred years of experience in trucked fuels and energy services.
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Amerada Hess Completes Triton Energy Purchase
Amerada Hess Corp., a major East Coast gasoline retailer, completed its acquisition of Triton Energy Ltd. by acquiring all of the validly tendered shares of the Dallas, TX-based independent producer. Amerada acquired Triton’s stock at $45/share, bringing the total value of the transaction to $3.2 billion. The deal includes the assumption of $500 million of Triton debt.
August 27, 2001
Amerada Hess Completes Triton Energy Purchase
Amerada Hess Corp., a major East Coast gasoline retailer, announced today that it has completed its acquisition of Triton Energy Ltd. by acquiring all of the validly tendered ordinary shares of the Dallas, TX-based independent producer of global oil and natural gas properties.
August 21, 2001
Ohio Retailer Ousted for Delivery Failure
Columbia Gas of Ohio said it had no other choice but toterminate Energy Max of Northeast Ohio from participation in itsCustomer Choice program after the gas supplier failed to delivergas to Columbia for transportation to Energy Max’s 8,000 OhioChoice customers for the majority of August. As supplier of lastresort, Columbia picked up the slack using its own natural gassupply.
September 11, 2000
Ohio Gas Retailer Ousted for Delivery Failure
Columbia Gas of Ohio said it had no other choice but toterminate Energy Max of Northeast Ohio from participation in itsCustomer Choice program after the gas supplier failed to delivergas to Columbia for transportation to Energy Max’s 8,000 OhioChoice customers for the majority of August. As supplier of lastresort, Columbia picked up the slack using its own natural gassupply.
September 11, 2000
NEES Puts Northeastern Energy Retailer on the Block
With plans drawn up to focus mainly on power transmission anddistribution, New England Electric System (NEES) decided last weekthe time was ripe to start testing the market for its successfulretail energy marketing subsidiary, AllEnergy Marketing.
January 24, 2000
NEES Puts Northeastern Energy Retailer on the Block
Planning to concentrate on power transmission and distribution,New England Electric System (NEES) said yesterday the time is ripeto test the market for AllEnergy Marketing. The company will lookat all strategic options, including a possible sale. AllEnergy isone of the largest retail energy marketing firms in the Northeast,currently selling gas, fuel oil, propane, and electricity to about125,000 customers.
January 20, 2000
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