October 16, 2015
Southern Company, AGL Resources file request with New Jersey regulators for approval of merger
ATLANTA, Oct. 16, 2015 - In a joint filing with the New Jersey Board of Public Utilities today, Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) requested regulatory approval of the companies' proposed merger.
AGL Resources is the parent company of Elizabethtown Gas, a regulated utility providing natural gas distribution services to approximately 279,000 customers in New Jersey.
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; and
- Approximately 46,000 megawatts of electricity generating capacity.
The companies expect to complete the transaction in the second half of 2016.