June 3 — However, the final price was $286 million in cash, according to a filing with the U.S. Securities and Exchange Commission. The price was adjusted because the estimated working capital when the deal closed was lower than expected, primarily due to “the impacts of changes in commodity prices and impacts related to the timing of close that resulted in less working capital needs at CES,” the filing states.
— Houston Business Journal
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.