May 2016, Vol. 243, No. 5
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Southern Company, AGL Resources Receive Merger Approval From Maryland Regulators
Southern Company and AGL Resources have received regulatory approval of the companies’ proposed merger from the Maryland Public Service Commission, with all intervening parties in support of the previously announced settlement agreement.
AGL Resources is the parent company of Elkton Gas, a regulated utility providing natural gas distribution services to customers in Elkton, Md.
When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together:
- 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 44,000 megawatts of electricity generating capacity
The companies expect to complete the transaction in the second half of 2016.
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