When two natural gas packages changed hands recently, it pointed the way to a new type of buyer: the municipal utility district and the aggregator of gas for small, locally owned, not-for-profit utilities. These are not your conventional, investor-owned utilities such as National Fuel Gas, Questar Corp., KeySpan or Peoples Energy, or independent power producers like Calpine Crop., all of which have for-profit E&P subsidiaries that operate wells.
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