Natural Gas Utilities

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Chesapeake Utilities Corp sells BravePoint, Inc. Subsidiary

4:42pm EDT

Chesapeake Utilities Corp:Says it has sold its BravePoint, Inc. (BravePoint) subsidiary, provider of advanced information technology services and solutions, to Progress Software Corporation (Progress) for about $12 mln in cash, which represents about 0.63 times BravePoint's 2013 revenues.Chesapeake will initially use proceeds to retire portion of its short-term debt, but plans to reinvest all of proceeds in its regulated and unregulated energy businesses within next 12 months.Redeployment is expected to generate results that exceed earnings contribution by BravePoint over last 12 months.

Progress Software Corp Acquires Chesapeake Utilities Corp's BravePoint

12:00pm EDT

Progress Software Corp:Acquires BravePoint, Inc., a Georgia-based subsidiary of Chesapeake Utilities Corporation.

Chongqing Gas Group Corp Ltd completes initial public offering

Sunday, 28 Sep 2014 08:00pm EDT

Chongqing Gas Group Corp Ltd:Completed its initial public offering of 156 million A shares of common stock at a price of 3.25 yuan per share.Raised 507 mln yuan through the issuance.Says the company's shares will be traded on the Shanghai Stock Exchange under the symbol of "600917" from Sep. 30.

Energy Transfer Partners, L.P announces closing of new $1.25 billion revolving credit facility

Thursday, 25 Sep 2014 08:30pm EDT

Energy Transfer Partners, L.P:Says it has closed a new revolving credit facility with a syndicate of banks that provides a base $1.25 billion revolving credit facility and includes an accordion feature that provides flexibility to increase the facility by an additional $250 million.The facility matures in Sept. 2019.Says the expansion of the revolver from a current $400 million credit facility limit will allow the Partnership to finance dropdowns and acquisitions and provide significant liquidity for ongoing organic growth.

Susser Petroleum Partners LP to acquire Mid-Atlantic Convenience Stores, LLC from Energy Transfer Partners, L.P and to acquire Hawaii-based Aloha Petroleum Ltd

Thursday, 25 Sep 2014 08:30pm EDT

Susser Petroleum Partners LP and Energy Transfer Partners, L.P:Says that it has agreed to acquire Mid-Atlantic Convenience Stores, LLC from ETP in a transaction valued at about $768 million.Says the consideration payable by SUSP will consist of about 4 million newly issued SUSP common units and $556 million of cash.SUSP plans to initially finance the cash portion by utilizing availability under the revolving credit facility, with longer term financing through a combination of debt and equity.Says the transaction is expected to be immediately accretive to distributable cash flow per unit for both SUSP and ETP.Transactions are expected to close in the fourth quarter of 2014.

Total sells its midstream Utica assets to E1 Corp and a consortium led by Samchully

Monday, 22 Sep 2014 08:00pm EDT

Total SA:Says its affiliate, Total E&P USA, has signed agreement to sell its 25 pct interest in Cardinal Gas Services LLC, a midstream company in Ohio’s Utica shale play, to E1 Corp and a consortium led by Samchully, both from Korea.Deal valued at $400 million plus estimated price adjustment of $50 million.

Gas Malaysia Bhd acquires Gas Malaysia Venture 1 Sdn. Bhd

Monday, 22 Sep 2014 08:00pm EDT

Gas Malaysia Bhd:Acquires two ordinary shares one ringgit each, representing entire issued and paid-up share capital of Gas Malaysia Venture 1 Sdn. Bhd, for total cash consideration of two ringgit.GMV1 shall serve as an investment holding company.

Acsm-Agam SpA approve signing of Letter of Intent with Gelsia and AEB for project of aggregation

Monday, 8 Sep 2014 04:08pm EDT

Acsm-Agam SpA:Says the Board of Acsm-Agam, Gelsia Srl and AEB SpA approved the signing of a non-binding Letter of Intent.The Letter of Intent outlines the guidelines for a project of industrial and corporate aggregation.The companies expects to set the terms of the project in the next weeks and thus submitted to the Boards and shareholders.

Piedmont Natural Gas Company Inc reaffirms FY 2014 EPS guidance - Conference Call

Monday, 8 Sep 2014 10:00am EDT

Piedmont Natural Gas Company Inc:Reaffirms FY 2014 EPS guidance range of $1.80 to $1.90 per share.FY 2014 EPS of $1.90 - Thomson Reuters I/B/E/S.

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