Charleston-based Triana Energy Holdings LLC has completed itspurchase of Columbia Natural Resources from NiSource Inc., and haslaid off 31 employees.
The company will be renamed Columbia Natural Resources LLC andoperate out of CNR's old headquarters in Charleston, Triana VicePresident Jim Dissen said.
The natural gas exploration and production company will have 380employees, including 290 in West Virginia.
It will be led by Henry Harmon, Triana's chairman, president andchief executive officer. Harmon resigned as president of CNR in 2000,about the time NiSource completed its purchase of the Columbia EnergyGroup. Triana formed the following year.
Dissen said 31 CNR employees lost their jobs as a result of themerger, but will receive severance packages.
Another 13 were transferred to other jobs at NiSource, he said.
"The number of employees affected was very small," Dissen said."The main thing is the headquarters remains in West Virginia and inCharleston. What you often see with mergers like this is theheadquarters moving out of state."
In July, NiSource, a utility holding company, reported the salewas worth $330 million in cash. Morgan Stanley Capital Partnersteamed with Triana in the deal.
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