DPL Sells Market Hub Partners Interest for $29 Million.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--Dec. 20, 1999 DPL (Digital PowerLine) An earlier technology for transmitting a 1 Mbps data signal over electric power lines from Nortel Networks. It was developed in the late 1990s, but later abandoned due to implementation difficulties. See broadband over power lines. Inc. (NYSE NYSE See: New York Stock Exchange :DPL) announced it has sold its financial interest in Market Hub Partners (MHP MHP Multimedia Home Platform (consumer electronics) MHP Milliyetci Hareket Partisi (Turkish: National People's Party) MHP Mobile Home Park (district) MHP Maximum Human Performance ) to a subsidiary of NiSource in an all cash transaction for $29 million. MHP is a natural gas storage company headquartered in Houston. This sale follows DPL's recent announcement of the sale of its natural gas retail distribution business. Last week DPL and Indiana Energy, Inc. agreed to an all cash transaction of $425 million. DPL continues to expand its natural gas-fired electric combustion turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. generation business with the addition of 475 MWs through Phases One and Two. Phases Three and Four will increase that capacity by 320 MWs, the details of which will be released shortly. These expansions are occurring in both Ohio and Indiana and will be immediately accretive to earnings as these units come online starting in the summer of 2000. DPL Inc. is a diversified diversified (di·verˑ·s energy company supplying energy services to customers in the Midwest through its subsidiaries, The Dayton Power and Light Company and DPL Energy. |
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