trending Market Intelligence /marketintelligence/en/news-insights/trending/G5Ue-esdXrdai5h7p8vVgg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Md. regulators approve Southern's acquisition of AGL Resources

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Md. regulators approve Southern's acquisition of AGL Resources

SouthernCo. has secured Maryland Public Service Commission approval toacquire in a dealvalued at $11.53billion, according to a May 3 news release.

The companies had reached a settlement with the MarylandPublic Service Commission staff and the Office of People's Counsel in February thatprovided customer rate credits over a two-year period, among other things.Southern Co. will pay $66 per share in cash to acquire each AGL share and willassume $3.59 billion in net debt of the company.

The acquisition would create the second-largest utility inthe U.S., comprising 11 regulated electric and natural gas distributioncompanies and 44,000 MW of generating capacity. The acquisition is targeted forcompletion in the latter half of 2016.