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Centra Gas found 'imprudent' in trading

Article Abstract:

Centra Gas Ltd., a subsidiary of Vancouver, Canada-based WestCoast Energy Ltd., was found by the Public Utilities Board in Manitoba, Canada, of being unreasonable and imprudent in losing C$45.5 million in futures trading. According to the provincial price review board, the firm's shareholders must shoulder at least C$27.25 million of the losses and another C$18.25 million is to be passed on to consumers to reflect the volatility of the natural gas market. Centra Gas serves hundreds of thousands of gas clients on Winnipeg, Canada, and southern Manitoba.

Comment:

Is found by Manitoba, Canada's Public Utilities Board of being unreasonable & imprudent in losing C$45.5 mil in futures trading

Government regulation (cont), Gas Utilities, Natural Gas Distribution, Article, Centra Gas Ltd.

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Assante bulks up with acquisitions

Article Abstract:

Winnipeg, Manitoba-based Assante Corp., which is a leading sports management company, has been expanding its operations through a series of key acquisitions. Assante, which has about $15 million in cash, confirmed it has about $26 billion in assets under administration and $4 billion under management.

Acquisitions & mergers, Investment advice, Investment Advisory Services, Mergers, acquisitions and divestments, Financial services industry, Financial services, Investment advisers, Assante Corp.

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The little firm that makes Churchill work

Article Abstract:

The Port of Churchill has reported that a record 700,000 tons of grain have been shipped through its facilities in 2000. The port linked to a railway network owned by OmniTrax Inc.

Grains, Oilseed and Grain Farming, Cash Grains, Marine cargo handling, Ports, Shipments data, Management, Statistics, Grain industry, Marine cargo handling industry, OmniTRAX Inc.

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