Milagro Announces James G. Ivey as New President and CEO

The Board of Directors of Milagro Exploration is pleased to announce the appointment of James G. Ivey as its new President and Chief Executive Officer effective January 1, 2011. Mr. Ivey also was named to Milagro’s Board of Directors. Mr. Ivey has served as Milagro’s Executive Vice President & Chief Financial Officer since December 2008. Prior... 

TransCanada: Bison Pipeline Begins Service Moving Natural Gas out of the Rockies

TransCanada Corporation today announced its Bison Pipeline became operational on Friday, January 14. The 303-mile (487-kilometre), 30-inch-diameter interstate pipeline has an initial capacity of 407 million cubic feet a day, all of which is currently under long-term contract. With additional compression, the pipeline is expandable to 1 billion cubic... 

Reliant Energy Closes on Previously Announced Sale of Northeastern Marketing Assets to Hess Corporation

Reliant Energy has completed the previously announced sale of the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation. Reliant Energy, Inc. based in Houston, provides electricity and energy services to retail and wholesale customers in the United... 

Reliant Energy to Sell Northeastern Electricity Marketing Assets to Hess Corporation

Reliant Energy announced today it has reached an agreement to sell the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation. These subsidiaries provide electricity and related services to more than 300 commercial and industrial customers in Delaware,... 

Reliant Energy, Merrill Lynch Agree to Extension

On September 29, Reliant Energy announced that it had entered into a letter agreement with Merrill Lynch to take steps to end the credit-enhanced retail structure with Merrill Lynch. The letter agreement also waived compliance with the minimum adjusted EBITDA covenant in the $300 million retail working capital facility with Merrill Lynch through October... 

Reliant Energy, Merrill Lynch Agree to Extension

On September 29, Reliant Energy announced that it had entered into a letter agreement with Merrill Lynch to take steps to end the credit-enhanced retail structure with Merrill Lynch. The letter agreement also waived compliance with the minimum adjusted EBITDA covenant in the $300 million retail working capital facility with Merrill Lynch through October... 

Wavefront Energy & Environmental Services Inc. Powerwave to be applied in Crosby County, Texas waterflood

Wavefront Energy and Environmental Services Inc., a world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration is pleased to announce that another Texas-based, independent oil and gas company will deploy Powerwave in an active waterflood in Crosby County, Texas. Due to the confidential nature of the project... 

Reliant Energy Completes Sale of Bighorn Generating Facility

Reliant Energy today completed the previously announced sale of its Bighorn Generating Station for approximately $500 million to Nevada Power Company (DBA NV Energy), a wholly owned subsidiary of Sierra Pacific Resources. Reliant Energy expects to record a pre-tax gain of approximately $45 million during the fourth quarter of 2008 on the sale of the... 

Michigan Generating Plant Acquisition Announced

A company managed by Tenaska Capital Management, LLC (Tenaska Capital) has entered into an agreement with MACH Gen, LLC to acquire New Covert Generating Company, LLC, the owner of the Covert Generating Plant located near South Haven, Michigan. The Covert facility is a 1,100-megawatt, natural gas-fueled combined-cycle generating plant that sells power... 

Reliant Enters Into Definitive Agreement Related to Previously Announced Commitment With First Reserve

Reliant Energy announced that it has entered into a definitive agreement with an affiliate of First Reserve Corporation related to Reliant’s previously announced commitment for the issuance of $350 million of Reliant convertible preferred stock to First Reserve. The company noted that the definitive agreement is based on the terms outlined in the...