Transco sells four gas networks
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National Grid Transco has sold half of its gas distribution networks for Â£5.8bn ($10.4bn), it was announced today. The move has been welcomed by the gas and electricity regulator Ofgem, which said new competition in the sector could lower prices.
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Teck Cominco, a mining company and metals producer, has agreed to buy Aur Resources for 4.1 billion Canadian dollars ($3.9 billion) in cash and stock.
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Iberdrola plans to buy the regional utility owner Energy East Corporation for $4.5 billion in cash.
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British energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars (669 million euros).
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Conglomerate Loews Corp. LTR.N on  Monday said it agreed to buy an 8,000-mile natural gas pipeline  system, from Entergy-Koch LP for $1.14 billion, in a bid to  cash in on the rising U.S. demand for natural gas.
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All four models will be on sale in the second half of this year worldwide.
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RBS is looking to sell Southern Water for around Â£4bn, four years after buying the firm, according to reports.
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NEW YORK/PARIS  - The New York Mercantile Exchange (NYMEX), the world's largest energy market, is exploring a sale for about $14.3 billion, a news agency reported on Friday, as exchanges worldwide hustle for the best merger partners.
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An affiliate of Colony Capital has agreed to buy four properties from Caesars Entertainment Inc. and Harrah&#39;s Entertainment Inc.
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LONDON National Grid Transco, the owner of Britain&#39;s power and natural gas grids, said on Tuesday that it would sell half of its gas-distribution networks for Â£5.
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One of Britain's biggest power companies has announced price hikes of 17.2% for gas and 12.7% for electricity in a move set to hit more than four million households. via Grantham Today
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Four networks manage to increase their rates as they complete their upfront sales.
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NEW YORK, August 31 (New Ratings) - National Grid Transco Plc (NNG.ETR) has reportedly agreed to sell half its gas distribution networks for about Â£5.
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Enbridge Inc., Canada&#39;s second- largest pipeline company, agreed to buy Shell Gas Transmission LLC for $613 million to gain pipelines in the Gulf of Mexico for the first time.
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The Netherlands, Europe&#39;s third-largest gas producer, agreed to pay 2.78 billion euros ($3.55 billion) to buy the natural gas pipeline stakes of Royal/Dutch Shell Group and Exxon Mobil Corp.
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OVERLAND PARK, Kan. - Selling gas at 19 cents per gallon brought in a lot of business for George Riley's gas station last weekend. If only Riley had planned it that way.
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When Mexican cement maker Cemex (CX.N: Quote, Profile, Research) (CEMEXCPO.MX: Quote, Profile, Research) agreed this week to pay $4.