Thursday, November 15, 2007

GE Financial Buys Into Natural Gas

Southwestern Energy Co (SWN.N: Quote, Profile, Research) said it agreed to sell its natural gas distribution unit to an affiliate of GE Energy Financial Services and Alinda Investments LLC for $224 million.

The unit, Arkansas Western Gas Co., serves about 151,000 residential, commercial, and industrial customers in northern Arkansas and owns more than 5,700 miles of gathering, distribution and transmission pipelines.

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