(Reuters) - Bear Stearns said its Bear Energy unit is buying a portfolio of power contracts from Williams that includes about 7,700 megawatts of gas-fired tolling capacity, 1,800 megawatts of full-requirements power supply contracts and an associated trading book. Bear Energy will also acquire various information systems and seek to hire Williams employees.
Williams said it expects to sell its remaining power assets this year as it exits the business entirely. It believes those assets are worth about $50 million.
Read more at Reuters.com Bonds News
Williams said it expects to sell its remaining power assets this year as it exits the business entirely. It believes those assets are worth about $50 million.
Read more at Reuters.com Bonds News
No comments:
Post a Comment