TECO Energy Announces the Formation of a New Subsidiary, SeaCoast Gas Transmission, LLC

TECO Energy announced the formation of a new subsidiary, SeaCoast Gas Transmission, LLC, to develop and own a high-volume Florida intrastate natural gas transmission pipeline. Natural gas continues to play a major role in serving the incremental energy needs in the State of Florida, and this new subsidiary provides TECO Energy with an opportunity to participate in a business line that compliments its... 

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Duke Buying Renewable Energy Company Catamount

Duke Energy Corp. will buy privately held Catamount Energy Corp. for $240 million, plus assumed debt, to bolster its wind energy generation capability. Duke bought the Rutland, Vt.-based renewable energy company from private-equity firm Diamond Castle Holdings LLC. Catamount currently operates facilities providing 300 megawatts of renewable energy. In May 2007, Duke bought Austin, Texas-based Tierra... 

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Duke to pursue single coal plant

Duke Energy Corp. plans to move ahead with a controversial coal-fired power project in the Blue Ridge foothills, Chief Executive Jim Rogers said Thursday after the annual shareholders meeting. After nearly two years of debate, the N.C. Utilities Commission in February approved only one of the proposed two units for Duke’s Cliffside facility, about an hour’s drive west from Charlotte. Rogers... 

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Acquired Business Includes Centennial Power and Colorado Energy Management

Energy industry executive Paul Prager and Natural Gas Partners (“NGP”), the leading investment franchise in the energy industry, today announced that they have entered into an agreement to acquire the domestic independent power production and power development business units of MDU Resources Group, Inc. in a transaction valued at $636 million. The business being acquired includes Centennial... 

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