Thursday, 07 June 2007

Energy executives look warily at assets

(Reuters) - Dominion Resources , for instance, which has just finished selling most of its exploration and production business, is not planning on any large acquisitions for its remaining power generation business, according to Chief Executive Thomas Farrell.




Farrell said such a move would not create as much value for shareholders as Dominion can on its own. But the company would be interested in buying assets on the eastern side of the United States "if the right thing came along," Farrell said during the Reuters Global Energy Summit in New York earlier this week.


Read more at Reuters.com Business News

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