California Regulators Approve Southern, AGL Merger

California regulators approve Southern, AGL merger

The California Public Utilities Commission approved the proposed $7.93 billion merger between Southern Co. (NYSE: SO) and AGL Resources (NYSE: GAS).

When completed, the merger of the two companies is expected to create the second-largest utility in the U.S. by customer base, bringing together 11 regulated electric and natural gas distribution companies providing service to 9 million customers; operations of nearly 200,000 miles of electric transmission and distribution lines; more than 80,000 miles of gas pipelines; and approximately 44,000 MW of electricity generating capacity.

AGL Resources is the parent company of Central Valley Gas Storage, a natural gas storage facility in the Sacramento Valley. The deal is expected to close in the second half of 2016.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...