FORTIS PICKS UP TERASEN FOR 3.7 BILLION

摘要

Power producer Fortis Inc.,one of Atlantic Canada's biggest companies,bought the British Columbia natural gas distribution business of Terasen Inc.,a wholly owned subsidiary of Houston,Texas-based Kinder Morgan Inc.(KMI),it was announced in late February.The Canadian Competition Bureau cleared the 3.7-billion deal a month later.Approval by the British Columbia Utilities Commission (BCUC) is expected in mid-2007.