Showing posts with label Southern Organization. Show all posts
Showing posts with label Southern Organization. Show all posts

Sunday, May 8, 2016

Southern Organization, AGL Assets get merger endorsement from Maryland controllers Wednesday, May 04, 2016

Southern Organization, AGL Assets get merger endorsement from Maryland controllers Wednesday, May 04, 2016

Southern Organization (NYSE: SO) and AGL Assets (NYSE: GAS) have gotten administrative endorsement of the organizations' proposed merger from the Maryland Open Administration Commission, with all interceding parties in backing of the beforehand reported settlement assention.

AGL Assets is the guardian organization of Elkton Gas, a controlled utility giving common gas circulation administrations to clients in Elkton, Md.

Whenever finished, the mix of Southern Organization and AGL Assets is relied upon to make the second-biggest service organization in the U.S. by client base, uniting:

Eleven directed electric and characteristic gas dispersion organizations giving support of around 9 million clients;

Operations of almost 200,000 miles of electric transmission and appropriation lines;

More than 80,000 miles of gas pipelines; and

Around 44,000 megawatts of power creating limit.

About Southern Organization

With more than 4.5 million clients and around 44,000 megawatts of creating limit, Atlanta-based Southern Organization (NYSE: SO) is the chief vitality organization serving the Southeast through its auxiliaries. A main U.S. maker of spotless, protected, solid and moderate power, Southern Organization claims electric utilities in four states and a developing aggressive era organization, and additionally fiber optics and remote correspondences. Southern Organization brands are known for fantastic client administration, high unwavering quality and moderate costs that are underneath the national normal. Through an industry-driving duty to advancement, Southern Organization and its auxiliaries are concocting America's vitality future by building up the full arrangement of vitality assets, including atomic, 21st century coal, common gas, renewables and vitality proficiency, and making new items and administrations for the advantage of clients. Southern Organization has been named by the U.S. Bureau of Safeguard and G.I. Occupations magazine as a top military boss, recorded by Dark Venture magazine as one of the 40 Best Organizations for Assorted qualities and assigned a 2014 Top Business for Hispanics by Hispanic System. The organization earned the 2014 National Honor of Atomic Science and History from the National Nuclear Historical center Establishment for its authority and responsibility to atomic improvement, and is reliably positioned among the top utilities in Fortune's yearly World's Most Respected Electric and Gas Utility rankings.

About AGL Assets

AGL Assets (NYSE: GAS) is an Atlanta-based vitality administrations holding organization which possesses and works regular gas utilities, and retail vitality and administrations, wholesale administrations and midstream organizations. AGL Assets serves around 4.5 million utility clients through its controlled circulation auxiliaries in seven states. The organization additionally serves more than one million retail clients through its SouthStar Vitality Administrations joint endeavor and Critical Home Arrangements, which advertise characteristic gas and related home administrations. Other non-utility organizations incorporate resource administration for normal gas wholesale clients through Sequent Vitality Administration and proprietorship and operation of common gas storerooms. AGL Assets is a Fortune 500 organization and an individual from the S&P 500 File.

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