October 26, 2015
Southern Company, AGL Resources file request with Virginia regulators for approval of merger
ATLANTA, Oct. 26, 2015 - In a joint filing with the Virginia State Corporation Commission 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 Virginia Natural Gas, a regulated utility providing natural gas distribution services to approximately 287,000 customers in Virginia Beach, Va.
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.