COMPANY NEWS: MidAmerican agrees to acuire PacifiCorp

06/06/2005
International energy firm Scottish Power PLC has agreed to sell its US utility PacifiCorp to MidAmerican Energy Holdings Co., Des Moines, for $9.4 billion, including $5.1 billion in cash and the assumption of $4.3 billion in net debt and preferred stock.In other recent company news: Occidental Petroleum Corp. has acquired from ExxonMobil Corp. an interest in oil and gas production in the West Texas Permian basin for $972 million. Kerr-McGee Angola Ltd. has signed an agreement with Angola’s national oil company Sonangol to take a 25% contract interest in Block 10 off Angola. Sterling Resources Ltd. has signed an agreement to farm out to Lundin Petroleum AB subsidiary Lundin Heather L...
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