Dynegy announced the sale of all of its gasification assets toCincinnati-based Global Energy Inc. for an undisclosed sum lastweek, effectively exiting the Houston-based company from thegasification business. The sale, which the companies said willclose by the end of the year, is not expected to impact Dynegy’searnings.
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Dynegy Sells Gasification Assets
Dynegy announced the sale of all of its gasification assets toCincinnati-based Global Energy Inc. for an undisclosed sumyesterday, effectively exiting the Houston-based company from thegasification business. The sale, which the companies said willclose by the end of the year, is not expected to impact Dynegy’searnings.
KN Energy Sells Tom Brown Shares for $29M
The recent sale of one million shares of Tom Brown Inc. stock toan undisclosed investor garnered Lakewood, CO-based KN Energy about$29 million in cash and should help the company digest itsacquisition of Kinder Morgan Inc.
KN Energy Sells Tom Brown Shares for $29M
The recent sale of 1 million shares of Tom Brown Inc. stock toan undisclosed investor garnered Lakewood, CO-based KN Energy about$29 million in cash and should help the company digest itsacquisition of Kinder Morgan Inc.
Dominion Resources to Buy 10 Turbines
Dominion Resources announced Friday it has signed an agreementwith General Electric Co. for an option to purchase 10 naturalgas-fired electric generation turbines for an undisclosed sum.
Reliant Buys Retail Operations of COM/Energy
Reliant Energy, formerly Houston Industries, has purchased theretail gas marketing assets of Commonwealth Energy Systemsubsidiary COM/Energy Marketing for an undisclosed sum. The assetsprimarily are made up of contracts with more than 2,000 energycustomers in Massachusetts, Rhode Island and Connecticut, twooffices in Massachusetts and a 10-person marketing team.
Mountaineer Buys Washington Gas’s WV Assets
Shenandoah Gas Co., a subsidiary of Washington Gas Light (WGL),agreed last week to sell its natural gas utility assets in WestVirginia to Mountaineer Gas Co. for an undisclosed sum. To ensurecontinued gas service in the area, Shenandoah Gas will providetransportation services through its Virginia pipeline toMountaineer Gas’ newly acquired pipe in West Virginia for sevenyears.
Peoples Energy Buys mc2 Retail Portfolio
Peoples Energy Services has purchased the Midwest portfolio ofKN Energy subsidiary mc2 for an undisclosed sum. The transactionincludes 8,000 gas contracts, inventories and related receivables,increasing PE Services’ customer base to more than 20,000 Chicagoarea businesses, the largest of any supplier in the Chicago market,the company said.