Natural Gas Utilities

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Vectren Corp closes sale of wholly owned coal mining subsidiary, Vectren Fuels

Friday, 29 Aug 2014 05:11pm EDT

Vectren Corp:Closes sale of wholly owned coal mining subsidiary, Vectren Fuels, Inc., to Sunrise Coal, LLC (Sunrise Coal), Indiana-based wholly owned subsidiary of Hallador Energy Company, which owns and operates coal mines in Illinois Basin.Sales price is $296 mln in cash, plus a $24 mln change in working capital from Dec. 31, 2013, until the Aug. 29, 2014 closing of transaction and is further subject to final working capital settlement in 90 days.

Energy Transfer Partners and Susser Holdings announces successful completion of merger

Friday, 29 Aug 2014 09:20am EDT

Energy Transfer Partners LP and Susser Holdings Corporation:Says completion of the previously announced merger of indirect wholly owned subsidiary of ETP, with and into Susser, with Susser surviving merger as subsidiary of ETP.Says Susser shareholders will receive 50 pct of the merger consideration in cash and 50 pct in ETP common units.Says total consideration to be paid in cash will be about $875 mln and total consideration to be paid in equity will be about 15,807,605 ETP common units.Barclays and Credit Suisse acted as financial advisors, Morgan Stanley & Co. LLC delivered a fairness opinion to the Board of ETP.Vinson & Elkins acted as legal counsel to ETP, and Bingham McCutchen acted as tax counsel to ETP.BofA Merrill Lynch acted as financial advisor and Gibson, Dunn & Crutcher LLP acted as legal counsel to Susser.

Gazprom Gazoraspredeleniye Nizhniy Novgorod OAO appoints chairman

Friday, 29 Aug 2014 04:10am EDT

Gazprom Gazoraspredeleniye Nizhniy Novgorod OAO:Appoints Evgeny Anatolevich Dmitriev to the post of chairman of the board of directors.

PT Perusahaan Gas Negara (Persero) Tbk secures $650 mln syndicated loan-Kontan

Thursday, 28 Aug 2014 08:00pm EDT

PT Perusahaan Gas Negara (Persero) Tbk:Secures $650 mln syndicated loan with five-year tenure from Australia and New Zealand (ANZ) Banking Group Ltd, The Bank of Tokyo-Mitsubishi UFJ Ltd and Citigroup Global Markets Singapore Pte-Kontan.Funds will finance its natural gas projects.

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