NMGI

AcronymDefinition
NMGINetwork Management Group Inc
References in periodicals archive ?
NMGI used to be referred to as Non-Department Governmental Institution (NDGI) in accordance with the Presidential Decree No.
39 / 2008 in regards to State Ministries, it was explained that NMGI is placed below the President and is responsible to the President through the Minister which conducts coordination.
The transaction, announced in May 2013, was bankrolled through USD292m worth of TECO Energy equity, the private placement of USD270m of debt at NMGI and NMGC, cash on hand and a short-term debt facility.
The price TECO is to pay for NMGI includes the assumption of debts totalling USD200m.
US electric and gas utility holding company TECO Energy Inc (NYSE:TE) said that it had submitted an application with the New Mexico Public Regulation Commission (PRC) for clearance of its planned takeover of New Mexico Gas Intermediate Inc (NMGI).
TECO agreed to buy NMGI, the owner of natural gas services provider New Mexico Gas Company (NMGC), from Continental Energy Systems LLC at the end of May for USD950m (EUR743.1m), including USD200m of debt.
May 28, 2013 - US electric and gas utility holding company TECO Energy Inc (NYSE:TE) said today that it had agreed to take over New Mexico Gas Intermediate Inc (NMGI) from natural gas services provider Continental Energy Systems LLC for USD950m (EUR735.4m), including USD200m of debt.
NMGI owns New Mexico Gas Company (NMGC), which provides natural gas services to 509,000 customers in New Mexico and posted EBITDA of USD86m for the 12-month period ended 31 January 2013.
US electric and gas utility holding company TECO Energy Inc (NYSE:TE) said that it had agreed to take over New Mexico Gas Intermediate Inc (NMGI) from natural gas services provider Continental Energy Systems LLC for USD950m (EUR735.4m), including USD200m of debt.
Under a definitive stock purchase agreement with Continental Energy Systems LLC and its subsidiary New Mexico Gas Intermediate Inc (NMGI), TECO Energy will purchase New Mexico Gas Company for a total of USD950m, including the assumption of USD200m of New Mexico Gas Co debt, subject to customary closing adjustments.