of litigation and resumption of commercial relations with Transwestern
DALLAS--(BUSINESS WIRE)--Sunrise Energy Services Inc. (ASE:SES),
("the Company") together with its wholly owned subsidiary, Sunrise
Energy Co., Tuesday announced that it has reached agreement with
Transwestern Pipeline Co. ("Transwestern") for the withdrawal of all
regulatory complaints and resolution of existing litigation between
In addition to settlement and dismissal of all litigation, the
parties agreed to resume their business transactions and pursue
development of new marketing concepts and flexible transportation
service arrangements in California (the company's largest market area)
and other areas where the company and Transwestern provide service.
Vinod K. Dar, chairman of Sunrise Energy Services Inc., said,
"The company has resumed an amicable commercial relationship with
Transwestern and looks forward to being a major shipper on their
system in the years ahead as we continue to expand our merchant role
in the California market."
Sunrise Energy Services Inc. is a nationwide, non-regulated,
retail merchant of natural gas products and services with major offices
in Dallas, Houston, the San Francisco area and Washington, D.C., which
provides its marketing, logistic and transportation services to end
users in 36 states.
The common shares of the company are traded publicly on the
American Stock Exchange and on the official list of the International
Stock Exchange of the United Kingdom and the Republic of Ireland Ltd.
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