Scrapbook Photo 03/25/24 - 93 New Stories - REAL Environmental & Conservation Leadership In PA: http://tinyurl.com/3729bhvv
PUC Approves Settlement For Aqua America’s $4+ Billion Acquisition Of The Peoples Natural Gas Companies

On January 16, the Public Utility Commission approved a settlement regarding a joint application by Aqua America, Inc, and its subsidiaries, Aqua Pennsylvania, Inc. and Aqua Pennsylvania Wastewater, Inc., together with Peoples Natural Gas Company LLC, Peoples Natural Gas Company LLC – Equitable Division, and Peoples Gas Company LLC (collectively, the Peoples Companies), for Aqua America to acquire ownership of the Peoples Companies.

The Commission voted 4-1 to approve a motion from Vice Chairman David W. Sweet, approving the Joint Petition for Settlement, with Commissioner Place dissenting.

The settlement includes commitments regarding infrastructure replacement, employment levels, rate credits, and enhancements in a variety of areas, including customer service and reliability, universal service, financial governance, and retail competition.

Numerous parties voiced their support for the settlement, including Aqua; the Peoples Companies; the Pennsylvania the Office of Consumer Advocate (OCA); the Coalition of Affordable Utility Service and Energy Efficiency in Pennsylvania (CAUSE-PA); Direct Energy Business Marketing, LLC and Direct Energy Small Business Marketing, LLC (collectively, Direct Energy); various the Natural Gas Supplier Parties and the Retail Energy Supply Association (NGS/RESA); the Pennsylvania Independent Oil and Gas Association (PIOGA), Laborers’ District Council of Western Pennsylvania; and Utilities Workers Union of America, Local 612.

Aqua America and its subsidiaries provide water and/or wastewater service to approximately three million customers in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana, and Virginia – including services to over 430,000 customers across thirty-two counties in Pennsylvania.

The Peoples companies provide natural gas services to approximately 680,000 Pennsylvania customers in all or portions of Allegheny, Armstrong, Beaver, Blair, Butler, Cambria, Clarion, Clearfield, Fayette, Greene, Indiana, Jefferson, Lawrence, Mercer, Somerset, Venango, Washington, and Westmoreland counties.

According to the joint application filed by Aqua and the Peoples Companies, the transaction has a purchase price of $4.275 billion.

NewsClips:

300+ PA Environment & Energy NewsClips Are Waiting To Be Read

Related Articles This Week:

Final Vote Expected This Week In House On Bill Reducing Environmental Protection Requirements For Conventional Oil & Gas Drilling

PEC, EDF: Senate Bill 790 Includes Dramatic Reductions In Health, Environmental Protections From Impacts Of Conventional Oil & Gas Drilling

House Environmental Committee Removes Provisions Legalizing Road Dumping Of Drilling Wastewater From SB 790, But Significant Flaws Still Exist

Opposition To Road Dumping Drilling Wastewater Grows: 166 Organizations, 1,445 Citizens Call On House To Reject Senate Bill 790

DEP Orders Range Resources To Address Methane Leaking Into The Air, 12 Water Wells, Groundwater  From A Marcellus Gas Well In Lycoming County Since 2013

DEP Issues $1.95 Million Penalty To Sunoco For Mariner East 2 Pipeline Construction Violations At Raystown Lake, Huntingdon County

DEP: Chapter 102 E&S Permit Application Received For Adelphia Gateway Pipeline Project In Bucks, Chester, Delaware, Montgomery Counties

DEP Issues Water Quality Certification For 2 Dominion Energy Pipeline Projects In Beaver, Lawrence, Westmoreland Counties

PA AG Shapiro, 15 Other State Attorneys General Objecting To Shipping Liquefied Natural Gas By Rail

2020 Shale Network Workshop Set For May 14-15 In State College To Feature Health Effects Presentations

[Posted: January 16, 2019]


1/20/2020

Go To Preceding Article     Go To Next Article

Return to This PA Environment Digest's Main Page