COMPANY NEWS: Dynegy to buy Enron in multibillion dollar stock deal

Dynegy Inc. agreed Nov. 9 to buy bigger rival Enron Corp. in a stock deal valued at $8.5 billion and to assume $15 billion of Enron debt. Dynegy predicted the deal will increase its annual earnings growth by 15-20% over the next 3 years.Separately, BC Gas Inc., Vancouver, BC, agreed to acquire two business units from Westcoast Energy Inc., also of Vancouver, for $208 million (Can.). The acquisition of Centra Gas British Columbia and Centra Gas Whistler Inc. gives BC Gas control of all Centra Gas's Vancouver Island and British Columbia coastal assets.Dynegy-EnronAnalysts praised the merger of the two Houston companies as a good move for Dynegy; however, Fitch put Dynegy on ratings watc...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected