In a joint filing with the Illinois Commerce Commission, Southern Company (SO) and AGL Resources have requested regulatory approval of the companies' proposed merger.
AGL Resources is the parent company of Nicor Gas, a regulated utility providing natural gas services to approximately 2.2 million customers in northern and central Illinois.
When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the US by customer base, bringing together:
- 11 regulated electric and natural gas distribution companies providing service to approximately 9 million customers.
- Operations of nearly 200 000 miles of electric transmission and distribution lines.
- More than 80 000 miles of gas pipelines.
- Approximately 46 000 MW of electricity generating capacity.
The companies expect to complete the transaction in the 2H16.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09102015/so-and-agl-resources-file-request-for-merger-approval-1572/