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CPG Power clears FERC hurdle to acquire Union Atlantic Electricity

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CPG Power clears FERC hurdle to acquire Union Atlantic Electricity

CPG PowerHoldings LLC secured FERC approval to fellow retail marketerUnion Atlantic Electricityfor an undisclosed sum, according to a Sept. 29 order.

Union is owned by UnionAtlantic Enterprises LLC. The company sells electricity and naturalgas to residential and commercial end-users in Maine, Massachusetts, NewHampshire and Rhode Island.

CPG owns City Power & Gas, which provides electricityand natural gas to homes and businesses in New York. (EC16-171)