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The company was created on May 1, 2013, when Valero Energy Corporation decided to spin off its retail operations in an effort to focus on refining. [2] On August 6, 2014, CST Brands agreed to buy Lehigh Gas GP LLC, the general partner of Lehigh Gas Partners LP (LGP), from Lehigh Gas Corp in a cash and stock deal.
Aquila's stock price peaked at $37.55 in May 2001 and it ranked #33 on the Fortune 500. The stock plummeted to $6.75 in July 2002 in the wake of the Enron scandal which had called into question business practices of all electric utilities. [3]
That helped drive stocks in the energy industry higher, which kept the losses for U.S. stock indexes in check. Exxon Mobil added 0.9% and was one of the strongest forces pushing upward on the S&P ...
Dynegy Inc. is an electric company based in Houston, Texas. It owns and operates a number of power stations in the U.S., all of which are powered by fossil fuels. [5] Dynegy was acquired by Vistra Corp on April 9, 2018. The company is located at 601 Travis Street in Downtown Houston. [6] The company was founded in 1984 as Natural Gas ...
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In 2008, Enerplus acquired Focus Energy Trust for $1.4 billion in stock. [8] Focus unit-holders ended up owning 20% of the merged entity. Focus primarily specialized in natural gas production. In 2010, Enerplus sold their Kirby oilsands leases for $400 million, as a move of the company away from the oilsands. [9]
Shares in Uranium Energy (NYSEMKT: UEC) rose by a whopping 17.8% in the week up to Friday morning. The move comes in a positive week of newsflow for the nuclear industry, which is good news for a ...
Progress Energy was named to the Dow Jones Sustainability Index in 2009, 2008, 2007, 2006 and 2005. [8] The company is investing $300,000 in a UNC Chapel Hill study to map the offshore wind power potential of North Carolina. [9] Progress Energy launched its SunSense-branded solar incentive programs in 2009. [10]