Amid the merger frenzy that has gripped the energy industry thisweek, CMS Energy Chairman and CEO William McCormick said he doesn’tenvision his company – whose goal is to be the third largest energyconcern in the world – being swallowed up by a competitor. Instead,he sees CMS Energy continuing in its aggressive role as a buyer ofassets.
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Articles from William
NiSource Hires Former Vastar CEO to Grow TPC
NiSource has named former Vastar CEO William A. (Andy) Lang asthe new president and COO of TPC Corp., which it purchased fromPacifiCorp for $150 million in April. Lang and several other newofficials have been hired to rebuild TPC’s energy marketingoperations and grow its existing portfolio management business.
NiSource Hires Former Vastar CEO to Grow TPC
NiSource has named former Vastar CEO William A. (Andy) Lang asthe new president and COO of TPC Corp., which it purchased fromPacifiCorp for $150 million in April. Lang and several other newofficials have been hired to rebuild TPC’s energy marketingoperations and grow its exiting portfolio management business.
Texas-New Mexico Power in Leveraged Buyout
TNP Enterprises, the parent company of Texas-New Mexico PowerCo. (TNMP), was bought by a group of investors headed by WilliamCatacosinos, the former CEO of Long Island Lighting Co., for $1billion, including assumed debt, the parties announced last week.The deal, which TNP said was the first leveraged buyout of anelectric utility, is expected to close in six to nine months.
Investor Group Buys TNP Enterprises
TNP Enterprises, the parent company of Texas-New Mexico PowerCo. (TNMP), was bought by a group of investors headed by WilliamCatacosinos, the former CEO of Long Island Lighting Co., for $1billion, including assumed debt, the parties announced yesterday.The deal, which TNP said was the first leveraged buyout of anelectric utility, is expected to close in six to nine months.
Massey Wary of Key Initiatives in July NOPR
FERC Commission William Massey indicated last week that heviewed the proposed initiatives in the infamous notice of proposedrulemaking issued last July with a “substantial degree ofreservation and caution.” This is not “a done deal from myperspective,” he told a group of independent gas producers.
FERC Commissioner Massey Confirmed by Senate
In one of its speediest confirmations ever on Capitol Hill, theSenate on Friday approved by unanimous consent the re-appointmentof Commissioner William L. Massey to a second five-year term on theFederal Energy Regulatory Commission.
Massey Nomination Moves to Full Senate
In an unusual move Thursday, the Senate Energy and NaturalResources Committee forwarded the nomination of FERC CommissionerWilliam L. Massey to the full Senate for approval immediatelyfollowing his confirmation hearing.
No Glitches Expected in Massey Confirmation
The Senate Energy and Natural Resources Committee will considerthe confirmation of Commissioner William Massey to a second term atFERC at a hearing this Thursday. There, he is expected to get awarm reception.
Commissioner Massey Serves and Stands and Waits
Some in the natural gas industry are growing increasingly uneasythat the re-appointment of William Massey to a second term at theFederal Energy Regulatory Commission appears to be stalled at theWhite House.