Death Of PGW Sale Won't Stop Philly Energy Hub, Experts Say

Law360, Philadelphia (December 4, 2014, 8:04 PM EST) -- Despite the demise Thursday of a nearly $2 billion deal to revitalize the publicly owned Philadelphia Gas Works by unloading it onto a private owner, industry experts say the city is still poised for an energy renaissance thanks to its robust transportation infrastructure and proximity to the booming Marcellus Shale.

While attorneys and experts told Law360 that private ownership of PGW would likely help better position the company to take full advantage of the region's proximity to cheap supplies of natural gas from the Marcellus and Utica shale plays, they said a decision axing the $1.86 billion deal with UIL Holdings...

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