Southern Co., AGL Resources file merger request in Georgia
The companies expect to complete the transaction in the second half of 2016
In a joint filing with the Georgia Public Service Commission, Southern Co. and AGL Resources requested that the commission find that their proposed merger complies with applicable Georgia law.
The combination would unite two Georgia-based energy leaders that together serve about 9 million electric and gas utility customers in nine states.
When completed, the combination of Southern Co. 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;
· Operations of nearly 200,000 miles of electric transmission and distribution lines;
· More than 80,000 miles of natural gas pipelines; and
· About 46,000 MW of electricity generating capacity.
Southern Co. is already one of the largest consumers of natural gas in America, with that fuel accounting for nearly half of the electricity generated to serve customers' needs.
A natural extension of the company's commitment to finding real solutions for America's energy future, Southern’s pending acquisition of AGL Resources will help address one of the key challenges facing the energy industry – developing the infrastructure necessary to send low-priced natural gas to areas where it is increasingly needed.
The companies expect to complete the transaction in the second half of 2016.