LG&E Energy Corp. plans to reenter the natural gas marketing business by purchasing Dallas-based Hadson Corp. for $143 million. The deal includes all of Hadson's gas marketing operations, including 1,300 miles of gas-gathering systems, gas transmission systems, and gas processing and storage systems. Hadson's operations are located primarily in New Mexico, West Texas, Oklahoma, and Montana.
The two companies reached a definitive agreement, but the sale is subject to regulatory approval. The agreement marks LG&E Energy's second venture into natural gas marketing.