Articles > Popular publications > Business Wire press releases > January-March 1995 > Thursday, January 5

Article: UtiliCorp completes $75 million acquisition of Missouri intrastate natural gas pipeline system.

Article from:
Business Wire
Article date:
January 5, 1995
Copyright

KANSAS CITY, Mo.--(BUSINESS WIRE)--Jan. 5, 1995--UtiliCorp United (NYSE:UCU) Thursday completed its $75 million cash purchase of a 218-mile intrastate natural gas pipeline system in Missouri from Edisto Resources Corporation.

In addition to the intrastate pipeline system, UtiliCorp's purchase includes the gas distribut- ion system at Fort Leonard Wood, Missouri and a pipeline that crosses the Mississippi River north of St. Louis.

The systems will be managed and operated by UtiliCorp Pipeline Systems, a wholly-owned subsidiary of UtiliCorp that is based in Kansas City. Nearly all of the staff consists of former employees of Edisto's Missouri ...

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