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Entergy-Koch goes on block.
Byline: Claire Poole in Houston
New Orleans utility Entergy Corp. and privately held Wichita Falls, Kan., conglomerate Koch Industries Inc. said Tuesday, June 8, they may sell their successful energy trading joint venture, Houston-based Entergy-Koch LP.
Entergy and Koch said in a joint statement they have discussed the sale of their American and British energy trading businesses with various third parties, which they didn't name. If they do reach a sale, they said they would consider selling a related business, the 8,000-mile Gulf South Pipeline Co. LP. If they cannot find a buyer, the owners may consider maintaining the existing structure or inviting one or more new partners to invest in the company.
Entergy spokesman Morgan Stewart said the companies have already initiated a competitive …
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