If he could combine his utility with a gas company, a new world of trading opportunities would open up.

FORBES: Trading Places

This Canadian utility company supplies natural gas and electricity to customers in Canada, the U.S. and the U.K. It reorganized several years back, but earnings continued to grow.

FORBES: Cast A Wide Net For Yield

At the same time Priory was looking for a partner in the gas business, Paul Anderson , chief executive of Panenergy, a big Houston gas pipeline company once known as Panhandle Eastern, was looking for a utility.

FORBES: Trading Places

At the same time Priory was looking for a partner in the gas business, Paul Anderson, the CEO of Panenergy, a big gas pipeline company in Houston, Texas, once known as Panhandle Eastern, was looking for a utility.

FORBES: Trading places

Three-quarters of the Birmingham, Ala. energy and utility company's operating income (earnings before interest, taxes and depreciation) comes from pulling natural gas out of the ground, specifically the 1.7 trillion cubic feet worth of proved deposits it has acquired in the last 11 years.

FORBES: Magazine Article