Gas Natural

Gas Natural Inc. Agrees to Sell its Kentucky Utility Operations

Submitted by aburr on Tue, 2015-08-18 16:59

Gas Natural Inc.’s wholly owned subsidiary, Public Gas Company, signed a definitive agreement to sell all of its assets used in the operation of its Kentucky utility business to Kentucky Frontier Gas for $1.9 million in cash. The closing is subject to customary closing conditions, as well as regulatory approvals. Public Gas Company, a Kentucky corporation, annually distributes 147.4 million cubic feet within seven counties in eastern Kentucky.

The Fortnightly 40 Best Energy Companies

The dash to gas brings volatility in shareholder performance.

Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.

Byline: 

Michael T. Burr

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The Fortnightly 40 Best Energy Companies

A challenging year brings a change in the rankings.

(September 2012) Our annual financial ranking shows some remarkable shifts among the industry’s shareholder value leaders. Despite flat demand and low commodity prices, investor-owned utilities are investing heavily in capital assets. Investment discipline and operational excellence distinguish leaders on the path to financial performance.
Byline: 

Michael T. Burr

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