The new joint venture will combine AIG-FP’s financial structuring and risk management capabilities with the physical natural gas marketing expertise of TMV. Financial terms of the transaction were not disclosed. AIG-FP and Tenaska will jointly guarantee the venture’s payment obligations.

“This partnership represents a natural and significant extension of AIG-FP’s commodities business into the physical commodities arena,” says Doug Poling, AIG-FP executive vice-president for energy and