Natural Gas Distribution
This industry comprises: (1) establishments primarily engaged in operating gas distribution systems (e.g., mains, meters); (2) establishments known as gas marketers that buy gas from the well and sell it to a distribution system; (3) establishments known as gas brokers or agents that arrange the sale of gas over gas distribution systems operated by others; and (4) establishments primarily engaged in transmitting and distributing gas to final consumers.
In re Appraisal of Columbia Pipeline Grp., Inc.
In statutory appraisal action featuring publicly traded company, court relies on deal price for fair value; although flawed, sale process, when compared to process in three key high court decisions endorsing deal price, does not undermine validity of deal price; no adjustment for synergies.
Court Endorses Unadjusted Deal Price as Fair Value Indicator Despite Flaws in Sale Process
In statutory appraisal action featuring publicly traded company, court relies on deal price for fair value; although flawed, sale process, when compared to process in three key high court decisions endorsing deal price, does not undermine validity of deal price; no adjustment for synergies.
Tax Court Valuation of Public Utility Gets Mixed Marks From State High Court
State Supreme Court says, in valuing public utility, Tax Court had discretion to adopt Commissioner expert’s position on company-specific risk premium and build-up method but failed to explain choice of specific beta factors; Supreme Court remands.
Tax Court Valuation of Public Utility Gets Mixed Marks From State High Court
State Supreme Court says, in valuing public utility, Tax Court had discretion to adopt Commissioner expert’s position on company-specific risk premium and build-up method but failed to explain choice of specific beta factors; Supreme Court remands.
Minn. Energy Res. Corp. v. Commissioner of Revenue
State Supreme Court says, in valuing public utility, Tax Court had discretion to adopt Commissioner expert’s position on company-specific risk premium and build-up method but failed to explain choice of specific beta factors; Supreme Court remands.
Change in Policy Breaches Good Faith Even If It Does Not Violate GAAP
The issue in this case was the admittance of evidence concerning the company’s book value.
Eggett v. Wasatch Energy Corporation
Issue was whether former officer and stockholder was entitled to book value or par value under the parties' shareholder agreement.
In the Matter of ANR Pipeline Company
At issue is the method of valuing income (historical or future), the capitalization rate for 1994 and 1995 (ANR's capital structure was skewed), and the inclusion of certain intangibles.
In the Matter of Colorado Interstate Gas Company
At issue is the capitalization rate, the inclusion of certain intangibles and the method for allocation (original cost vs. net book or rate base).
Hess Energy, Inc. v. Lightning Oil Co., Ltd.
The U.S. Court of Appeals for the 4th Circuit affirmed the lower court’s damage calculation in this breach of contract to deliver natural gas case.
Tammy Garlock, et al. v. Southeastern Gas & Power, Inc., et al.
The North Carolina Superior Court for Mecklenburg County determined the fair value of a 39% interest in a natural gas marketing company. The court determined the majority shareholder was guilty of oppressive conduct and appointed an appraiser to value th ...
Key-Man Factors Considered in Fair Value Determination
The North Carolina Superior Court for Mecklenburg County determined the fair value of a 39% interest in a natural gas marketing company.
National Propane Corporation, et al. v. Wylie R. Miller, et al.
The Colorado Court of Appeals reversed the trial court's finding that Miller had not breached his noncompete agreement, executed in connection with the sale of his propane distributorship, All Seasons.
Damages Limited to Period Before Merger of Business
The Colorado Court of Appeals reversed the trial court's finding that Miller had not breached his noncompete agreement, executed in connection with the sale of his propane distributorship, All Seasons.
Gray-Jones v. Jones
The Ohio Court of Appeals, 10th District, reversed the trial court's valuation of a minority interest in a natural gas broker at its fair market value.
Valuation Under Buy-Sell Agreement Required a Pro Rata Share in the Value of the Assets
The Ohio Court of Appeals, 10th District, reversed the trial court's valuation of a minority interest in a natural gas broker at its fair market value.