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Williams completes purchase of gas marketer Sequent from Southern reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
2 minute read U.S. energy company Southern Co (SO.N) said this week it agreed to sell its Sequent Energy Management wholesale gas trading business, which made about $200 million selling natural gas during the Texas freeze in February. Sequent was able to step into the breach and sell a lot of gas in storage, Southern Chief Executive Tom Fanning told analysts on an earnings call on Thursday. Fanning said the company took $75 million or so of that $200 million and put it into our foundation . to get reploughed back into communities. Fanning said you ll see net income for Sequent in the first quarter of around $133 million. ....