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Southern, AGL Ask Maryland Regulators to OK $7.93 Billion Merger

Southern Co. (NYSE: SO) and AGL Resources (NYSE: GAS) requested approval from Maryland officials for their proposed $7.93 billion merger.
 
The companies jointly filed with the Maryland Public Service Commission to approve the merger.  A request for approval was filed Oct. 26 with Virginia state regulators.

AGL Resources is the parent company of Elkton Gas, a regulated utility providing natural gas distribution services to 6,000 customers in Elkton, Maryland.
 
When completed in the second half of 2016, the merger is expected to create the second-largest utility in the U.S. by cutomer base. It will include 11 regulated electric and gas distribution companies providing service to 9 million customers, approximately 46,000 MW of electricity generating capacity, operations of nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of gas pipelines.