Pa. PUC OKs Settlement Key To $720M Utility Merger

Law360, New York (November 7, 2013, 8:05 PM EST) -- A Pennsylvania administrative law judge on Wednesday approved a settlement agreement ending an environmental group’s third-party challenge to the proposed $720 million sale of an EQT Corp. subsidiary to Peoples Natural Gas Co. LLC, clearing the way for the sale to move forward.

Administrative Law Judge Mark A. Hoyer issued a 97-page initial decision approving the sale, saying it will benefit the natural gas market in Pennsylvania, and signing off on the settlement agreement to end the protest that Citizens For Pennsylvania’s Future had filed with...
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