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Gas Storage Cos Look To Go Public March 05, 2010

Two natural gas storage company IPOs are in the works, the first such deals in the sector. The plans are being seen as underscoring an often overlooked facet of the renewable generation boom--gas-fired generation can play a key role as a peaking fuel to back up wind and solar.
Niska Gas Storage Partners, a portfolio company of private equity firm Riverstone Holdings, plans to issue $402 million worth of master limited partnership units and PAA Natural Gas Storage, a spinoff of Plains All American Pipeline, up to $200 million worth of units. Prospectuses for both offerings ...

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