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Home > Company Index > Utilities > Gas Utilities > MCN Energy Group Inc.
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MCN Energy Group Inc. |
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PROFILE |
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MCN Energy Group is plugging into a new outlet. The energy holding company has agreed to be acquired by its Detroit neighbor, electric utility DTE Energy. The $4.3 billion deal will form Michigan's largest energy company. MCN's utility, Michigan Consolidated Gas (MichCon), delivers natural gas to 1.2 million customers in 530 communities throughout Michigan. MCN's energy marketing unit, which buys and sells gas and provides management services in the midwestern and eastern US and eastern Canada, accounts for more than half of sales. MCN subsidiaries also explore for natural gas in Michigan and gather, process, and transport it. To prepare for the merger, MCN is selling most of its power plant assets.
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 2,791.10
1-Yr. Sales Growth: 12.5%
Employees: 2,946
Revenue per employee: $947,420.23
KEY PEOPLE |
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Alfred R. Glancy
CEO
Howard L. Dow
CFO
CONTACT INFO |
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500 Griswold St.
Detroit, MI 48226
US
Phone: 313-256-5500
Fax: 313-963-3710
Online: Web Site
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