Pennsylvania Judge Clears Utility Merger

Law360, New York (February 12, 2007, 12:00 AM EST) -- An administrative law judge has recommended the approval of a $1 billion merger of two Pennsylvania gas companies, a deal that’s currently being investigated by the Pennsylvania attorney general and the U.S. Federal Trade Commission for its potentially anti-competitive effects.

Judge John H. Corbett recommended that the Public Utility Commission approve the $970 million merger of Equitable Resources Inc. and Dominion Peoples Gas. If given state and federal clearance, the deal will create the biggest natural gas distribution company in Pennsylvania.

In the ruling, Corbett determined...
To view the full article, register now.