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Dynegy seeks new financing, plans to create two subsidiaries
Washington - Electric Power Daily
Merchant generator Dynegy has begun discussions with potential lenders to obtain $1.7 billion in new secured credit facilities and plans to reorganize its operations by creating a subsidiary that would own the company's eight natural gas-fired plants and another that would own its six Midwest coal-fired plants, it said Sunday. Go to story... |
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Chesapeake to invest $1 bil for natural gas fuels, NGV stations
Washington - Gas Daily
Saying it wants to break OPEC's "stranglehold" on the US economy while creating jobs, the US' top natural gas producer said Monday it is forming a venture capital-like unit to invest more than $1 billion on transportation fuels derived from natural gas and a filling-station system to dispense them. Go to story... |
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Peabody and ArcelorMittal bid $5 billion for Macarthur Coal
Singapore - International Coal Report
Coal miner Peabody and steel giant ArcelorMittal have made an indicative, non-binding, conditional offer to acquire a controlling stake in Australia-based Macarthur Coal for A$4.7 billion ($5.0 billion), Macarthur said in a statement to the Australian Securities Exchange Monday.
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