Although the suitor, ChevronTexaco, isn’t saying anything, the reported object of its liquefied natural gas (LNG) siting interest, Camp Pendleton Marine Corps Base in north San Diego County, is saying “no,” loud and clear.
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SU: Fight Against Southwest Continues
The Southwest-Oneok merger may be cancelled, but spurned suitorSouthern Union is still proceeding with plans to sue Southwest andothers, the company said yesterday.
Utilities Going Like Hot Cakes in Northeast
A big fish gobbled up yet another small fish in the Northeastlast week as Southern Union Co. (SU), the spurned suitor ofSouthwest Gas, announced it agreed to purchase Providence Energy(ProvEnergy) for a total transaction value of $400 million. Thedeal, which SU expects to close in nine to 12 months, representsSU’s third Northeast utility purchase this year. If all these dealsare completed, Southern Union will serve 1.5 million customers inRhode Island, Massachusetts, Pennsylvania, Texas, Missouri andFlorida.
NE Utilities Keep Falling as Southern Union Buys ProvEnergy
A big fish gobbled up yet another small fish in the Northeastyesterday as Southern Union Co. (SU), the spurned suitor ofSouthwest Gas, announced it has agreed to purchase ProvidenceEnergy (ProvEnergy) for a total transaction value of $400 million.The deal, which SU expects to close in nine to 12 months,represents SU’s third Northeast utility purchase this year. If allthese deals are completed, Southern Union will serve 1.5 millioncustomers in Rhode Island, Massachusetts, Pennsylvania, Texas,Missouri and Florida.