Southern Company and AGL Resources have announced an agreement to create America's leading U.S. electric and gas utility company. The combination will create the second-largest utility company in the U.S. by customer base with:
- Eleven regulated electric and natural gas distribution companies providing service to approximately nine million customers with a projected regulated rate base of approximately $50 billion;
- Operations of nearly 200,000 miles of electric transmission and distribution lines and more than 80,000 miles of gas pipelines; and
- Generating capacity of approximately 44,000 megawatts.
May 5, 2016
Southern Company and AGL Resources announce merger settlement with all parties in New Jersey