(November 2008) Atmos Energy promoted Kim R. Cocklin to the new position of president and COO. Exelon Corp. named Christopher M. Crane president and COO. Public...
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Southern Co. Buys German Utility
Moody's on May 14 said it would maintain a negative outlook on The Southern Company's Prime-1 short-term rating for commercial paper following The Southern Company's announcement that it will acquire a 25-percent ownership interest in Berliner Kraft und Licht AG (Bewag), an electric distribution company in Berlin.
Southern will purchase a 25-percent share for $830 million, pending approval by Berlin's parliament and European regulators. A recently established consortium, consisting of Southern Co. and two German utilities (PreussenElektra and Bayernwerk) will control 75 percent of Bewag.
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