Advertisement
YOU ARE HERE: LAT HomeCollectionsDivestment

ORANGE COUNTY BRIEFLY

Edison Mission Deals

March 06, 1997

IRVINE — Edison Mission Energy, the independent power production arm of Edison International Co., said it has agreed to sell its interest in a Canadian oil and gas partnership for $71 million. The company, B.C. Star Partners, operates 11 properties in British Columbia that produce a combined total of 1,000 barrels of oil and 60 million cubic feet of natural gas per day.

Edison Mission is selling its stake in the company to Remington Energy Ltd. of Calgary. Edison Mission said it expects to book an after-tax gain from the transaction, which is expected to close by April 30.

Advertisement
Los Angeles Times Articles
|
|
|