Articles > Newspapers > U.S. Newspapers, Major Markets > Rocky Mountain News (Denver, CO) articles > August 2003

Article: XCEL ASKS SEC TO APPROVE SALE SOUTHWEST GAS TO PAY $18.7M, ASSUME DEBT FOR BLACK MOUNTAIN.(Business)

Article from:
Rocky Mountain News (Denver, CO)
Article date:
August 23, 2003
Author:
Copyright

Byline: Gargi Chakrabarty

ROCKY MOUNTAIN NEWS

Xcel Energy is close to selling its Arizona subsidiary Black Mountain Gas Co. to Southwest Gas Corp. for more than $25 million.

Utility regulators in Arizona approved the proposed sale earlier this month, paving the way for Xcel to file with the Securities and Exchange Commission on Friday.

Las Vegas-based Southwest has agreed to pay Xcel $18.7 million in cash and pick up outstanding debt worth $6.5 million, the SEC filing stated.

``We'll close the deal as soon as the SEC approves it,'' said Southwest spokesman Garth Andrews. ``We feel it (Black Mountain Gas) will be a good fit for us.''

Southwest Gas ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Minneapolis-based Xcel Energy completed the sale of ...
Natural Gas Week;  October 27, 2003 ;     477 words ...Minneapolis-based Xcel Energy completed the sale of Arizona-based Black Mountain Gas to Southwest Gas ... price was not reported. Black Mountain is a natural gas and ... areas of Arizona. The Black Mountain distribution system ...

Article: Xcel Energy Announces Sale of Black ...
Business Wire;  June 7, 2002 ;     694 words ... ... June 7, 2002 Xcel Energy Inc. (NYSE ... Arizona subsidiary Black Mountain Gas Company to ... keeping within Xcel Energy's business ... president of Black Mountain Gas. Regulatory ... complete the sale. Xcel Energy is a major U ...

Article: Xcel Energy Completes Sale of Black ...
Business Wire;  October 21, 2003 ;     631 words ... ... BUSINESS WIRE)--Oct. 21, 2003 Xcel Energy (NYSE:XEL) on Monday completed ... sale of its Arizona subsidiary Black Mountain Gas Company to Southwest Gas Corporation ... Ariz., and Cave Creek areas. Xcel Energy is the fourth-largest combination ...

Article: Xcel Energy Begins Exchange Offer for Publicly Held ...
Business Wire;  March 13, 2002 ;     700+ words ... ... BUSINESS WIRE)--March 13, 2002 Xcel Energy (NYSE:XEL) today filed materials ... commenced the exchange offer under which Xcel Energy would acquire all of the publicly held ... NRG Energy, Inc. (NYSE:NRG). Xcel Energy now owns 74 percent of NRG. "We ...

Article: Xcel Energy Announces Preliminary Settlement with ...
Business Wire;  March 26, 2003 ;     700+ words ... ... BUSINESS WIRE)--March 26, 2003 Xcel Energy (NYSE:XEL) announced that yesterday ... The terms of the settlement call for Xcel Energy to make payments to NRG over the next ... existing and potential claims against Xcel Energy. Details of a conference call on this ...

Article: Xcel Energy Increases Exchange Ratio in Offer for ...
Business Wire;  April 4, 2002 ;     700+ words ... ... BUSINESS WIRE)--April 4, 2002 Xcel Energy Inc. (NYSE:XEL) and NRG Energy, Inc. (NYSE:NRG) today announced that Xcel Energy has revised its exchange offer for all ... stockholders tender their shares in the offer. Xcel Energy also announced that it has reached an ...

Article: Xcel Energy Successfully Completes Exchange Offer ...
Business Wire;  June 3, 2002 ;     700+ words ... ... BUSINESS WIRE)--June 3, 2002 Xcel Energy Inc. (NYSE:XEL) announced today ... shareholders prior to the expiration of Xcel Energy's exchange offer at midnight EDT on ... offer. Together with the NRG stock that Xcel Energy previously owned, Xcel Energy now owns ...

Article: Xcel Energy Announces FERC Filing On Energy Trading ...
Business Wire;  May 22, 2002 ;     700+ words ... ... BUSINESS WIRE)--May 22, 2002 Xcel Energy Inc. (NYSE:XEL) today reported ... May 8 inquiry from the Commission. Xcel Energy's nonregulated subsidiary, NRG Energy ... market in 2000 and 2001. However, Xcel Energy also reported that at times during the ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives