NiSource finally sweetened its unsolicited offer for Columbia Energy Group with a $74/share ($6.1 billion) bid last week — up from the prior offer of $68/share. It also laid down an olive branch by inviting five of Columbia’s top managers, including CEO Oliver G. “Rick” Richard, to take seats on an expanded NiSource board. Richard was offered a vice chairmanship.
Watch
Articles from Watch
High Utility Demand Now, But Watch Out for Fall
Anyone who’s been outside just about anywhere in the countryknows summer came on early this year and came on strong. Electricutilities that usually don’t hit their demand peaks until July orAugust hit their high marks last month. And the heat likely won’tbe retreating in August.
July 17, 1998
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
