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CALIFORNIA | LOCAL
November 26, 1997 | CHRIS CHI
Southern California Edison has sold its Mandalay Beach plant in Oxnard as part of a $1.1-billion divestiture, company officials said Tuesday. The power company has sold 10 of its 12 natural-gas-burning plants as part of a sell-off aimed at meeting new state deregulation standards, officials said. State officials hope that by requiring major utilities to sell some of their fossil-fuel plants, market competition in the utilities industry will increase, Edison spokesman Steve Hansen said.
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BUSINESS
December 17, 1997 | Chris Kraul
In a joint venture, Enova Corp. and Houston Industries will build a $280-million, natural-gas-fired power plant near Las Vegas to generate energy for sale in the Western United States. Enova Vice President Dwain Boettcher said Enova, parent of San Diego Gas & Electric, plans to build more energy plants, principally in the Northeastern United States, but not necessarily in partnership with Houston Industries.
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BUSINESS
December 17, 1997 | Chris Kraul
In a joint venture, Enova Corp. and Houston Industries will build a $280-million, natural-gas-fired power plant near Las Vegas to generate energy for sale in the Western United States. Enova Vice President Dwain Boettcher said Enova, parent of San Diego Gas & Electric, plans to build more energy plants, principally in the Northeastern United States, but not necessarily in partnership with Houston Industries.
CALIFORNIA | LOCAL
November 26, 1997 | CHRIS CHI
Southern California Edison has sold its Mandalay Beach plant in Oxnard as part of a $1.1-billion divestiture, company officials said Tuesday. The power company has sold 10 of its 12 natural-gas-burning plants as part of a sell-off aimed at meeting new state deregulation standards, officials said. State officials hope that by requiring major utilities to sell some of their fossil-fuel plants, market competition in the utilities industry will increase, Edison spokesman Steve Hansen said.
BUSINESS
January 28, 1995 | From Times Staff and Wire Reports
Time Warner Inc. is buying Houston Industries Inc.'s cable interests for about $2.2 billion, pushing its cable TV holdings closer in size to those of industry leader Tele-Communications Inc. The deal announced Friday, which comprises stock and assumed debt, advances Time Warner's efforts to assemble cable system groups large enough to justify the heavy investment in technology needed for new services such as telephones.
BUSINESS
August 13, 1996 | From Associated Press
Just look at the names: Houston Industries, NorAm Energy, Delmarva Power & Light, Atlantic Energy. It's hard to think of utilities as sexy, particularly compared with marquee names such as Disney, Microsoft, General Electric and IBM. But power companies are merging at a stunning pace, as fast as those in any industry. Two deals announced Monday punctuate that trend and show that utilities are thinking hard about deregulation and their future. Electricity provider Houston Industries Inc.
BUSINESS
September 29, 1995 | Times Staff and Wire Reports
Bidding War Erupts for Britain's Norweb: Two Texas utilities, Houston Industries Inc. and Central & South West Corp., made a friendly $2.7-billion takeover bid for the British utility. Hours later, Britain's North West Water said it was raising its hostile offer to $2.72 billion from $2.5 billion. Executives at Houston Industries and Central & South West indicated that their bid of $16.68 a share is not final. Norweb said it will recommend that shareholders accept the Texas offer.
BUSINESS
March 26, 1998 | Nancy Rivera Brooks
Southern California Edison said it received $43 million for its Ormond Beach generating station in Oxnard, the last of the 12 gas-fired power plants that Edison was ordered to sell as part of the restructuring of the state's electricity industry. The sale to Houston Industries Power Generation of Houston is scheduled to close June 1. The Oxnard plant is the fifth Edison power plant purchased by Houston Industries since November. In all, Rosemead-based Edison has received $1.
BUSINESS
October 13, 1995
Texas Energy Partners has pulled out of a bidding war for British utility Norweb after North West Water raised its offer. The British water company on Wednesday increased its bid for Norweb to $2.9 billion, above a $2.77-billion offer by Houston Industries Energy Inc. and Central & South West Corp., the Texas-based partners.
NEWS
March 26, 1987
The City Council voted unanimously to transfer control of the city cable television franchise from Group W Cable to Paragon Communications, a partnership formed by American Television and Communications Corp. and Houston Industries Inc. In a report to the council, City Manager Ken Landau said the Colorado-based firm owns and operates cable television systems under 129 franchises serving 500,000 subscribers in seven states.
BUSINESS
August 13, 1996 | From Associated Press
Just look at the names: Houston Industries, NorAm Energy, Delmarva Power & Light, Atlantic Energy. It's hard to think of utilities as sexy, particularly compared with marquee names such as Disney, Microsoft, General Electric and IBM. But power companies are merging at a stunning pace, as fast as those in any industry. Two deals announced Monday punctuate that trend and show that utilities are thinking hard about deregulation and their future. Electricity provider Houston Industries Inc.
BUSINESS
January 28, 1995 | From Times Staff and Wire Reports
Time Warner Inc. is buying Houston Industries Inc.'s cable interests for about $2.2 billion, pushing its cable TV holdings closer in size to those of industry leader Tele-Communications Inc. The deal announced Friday, which comprises stock and assumed debt, advances Time Warner's efforts to assemble cable system groups large enough to justify the heavy investment in technology needed for new services such as telephones.
NEWS
July 2, 1987
Group W Cable, which provides service in El Segundo, Gardena, Hawthorne, Lawndale and Torrance, officially became Paragon Cable on July 1, a spokeswoman for Paragon said. The company's new name and logo will begin appearing in promotional material and in billing statements. Paragon is owned by American Television and Communications and Houston Industries. ATC was one of five cable companies that purchased the Group W Cable system last year from Westinghouse Electric.
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