Southern Company and AGL Resources have announced that they have received unanimous regulatory approval of the companies' proposed merger from the Virginia State Corp. Commission.
AGL Resources is the parent company of Virginia Natural Gas, a regulated utility providing natural gas distribution services to southeastern Virginia.
Upon completion, the combination of Southern Company and AGL Resources is anticipated to create the second-largest utility company in the US by customer base. It will comprise:
- Eleven 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 2H16.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/24022016/southern-company-and-agl-receives-merger-approval-2564/