- Growing the Market for Pipe
Bursting.
Cinergy Corporation's natural gas distribution system includes over 478,000 customers throughout Ohio, Kentucky, and Indiana. The Cincinnati, OH based electric and gas utility is one of the leading diversified energy companies in the United States. In order to maintain a service area of that size, the company is continually looking ......
- Duke Energy Corporation to Acquire Cinergy Corporation for 1.92 Times Revenue
The Deal: Duke Energy Corporation has agreed to purchase Cinergy Corporation for approximately $9 billion is stock. Under the terms of the agreement, each share of Cinergy Corporation will be converted into 1.56 shares of Duke Energy. After the merger, current holders of Cinergy will own about 24 percent of ......
- NEWSREEL.
Reliant Seeking To Sell Arkla, Minnegasco And Pipelines Reliant Energy may sell Arkla and Minnegasco and all of its natural gas pipelines to prepare for competition in Texas. The assets, acquired in 1997 from NorAm Energy, may earn up to $2.5 billion. Steve Letbetter, Reliant's CEO, said, "We are transitioning ......
- The new M&A game: not just neighbors anymore.
What's the play in pipelines for mergers and acquisitions (M&A)? Now that the investor sentiment pendulum has started to swing back toward growth, natural gas pipelines and distribution utilities are faced with a familiar dilemma, including: * Customer and asset growth typically tracks regional population trends, which even in high ......
- NEWSREEL.
NiSource to Buy Columbia Energy; Richard Apparently Not Offered Positions After months of bitter haggling, NiSource has persisted in its effort to acquire Columbia Energy Group after the boards of directors of both companies approved a definitive merger agreement on Feb. 28 in which NiSource will acquire all of the ......
- HIGHER Natural Gas Providers Look for Margins in Deregulated Industry
Non-regulated natural gas providers are succeeding in New Jersey's deregulated marketplace. Yet businesses, not residential consumers, are truly benefiting. This is because large commercial and industrial businesses that use lots of gas deliver higher profit margins to providers. "I'm not sure that residential customers are benefiting because the transaction costs ......
- Power Utilities Generate New Jersey Histories
New Jersey businesses, health care facilities, institutions of higher education, government buildings and the homes of our 8.5 million residents would not be able to function without the utility companies that power and heat our buildings. In fact, the power utilities are the backbone of our nation's economy, laying and ......