Dynegy gains full ownership of former Enron pipeline

Houston-based Dynegy Inc. exercised its rights to acquire the common equity of Northern Natural Gas Co. (NNG), a natural gas pipeline formerly owned by Enron Corp., also of Houston. Dynegy reported earlier this month that Enron's option to buy back the pipeline had expired June 30.In other recent company news:Tulsa-based Williams Cos. Inc. has signed a letter of intent to sell its Kansas Hugoton natural gas gathering system to FrontStreet Hugoton LLC, a unit of FrontStreet Partners LLC, Houston. FrontStreet will pay $100 million for the system, but the sale price will be subject to certain post-closing adjustments, Williams said.ENI SPA and Germany's EnBW AG said they will acquire...

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