Gas

Illinois Regulators Approve Southern, AGL Merger

The Illinois Commerce Commission unanimously approved the proposed merger between Southern Co. (NYSE: SO) and AGL Resources (NYSE: GAS).

AGL Resources is the parent company of Nicor Gas, which provides approximately 2.2 million customers with natural gas service in northern Illinois. When completed, the merger is expected to create the second-largest utility company in the U.S. by customer base, combining 11 regulated electric and natural gas distribution companies providing service to 9 million customers; operations of nearly 200,000 miles of transmission and distribution lines; more than 80,000 miles of gas pipelines; and approximately 44,000 MW of electricity generating capacity.

Both companies expect the deal to close in the second half of 2016.