Constellation Energy signed a definitive agreement to acquire 100 percent of ONEOK Energy Marketing Co. (OEMC), a Tulsa, Okla.-based retail natural gas marketing company with 26,100 customers. The proposed purchase of OEMC, a subsidiary of ONEOK, for $22.5 million, plus working capital, expands Constellation Energy’s business and residential customer base in seven states: Kansas, Oklahoma, Missouri, Texas, Nebraska, Wyoming and Illinois. The deal is scheduled to close in the first quarter of 2012.
Siemens signed an agreement to acquire all of the stock of eMeter, headquartered in San Mateo, Calif. Terms weren’t disclosed. eMeter will be part of the smart grid division of the Siemens Infrastructure & Cities Sector, which is housed within Siemens Industry Inc. eMeter will become a global business segment and center of competence for meter data management (MDM), and will continue operating from its San Mateo headquarters.