All Regulatory Approvals Necessary to Close AltaGas Ltd.’s Acquisition of WGL Holdings, Inc. are Complete with Approval of the Public Service Commission of the District of Columbia
WGL HOLDINGS (WGL)
Last wgl holdings earnings: 5/3 06:59 pm
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Source: Business Wire
AltaGas, WGL and the other settling parties notified the DC PSC today that they accepted the Commission’s conditions, clearing the way for the closing of the transaction, Friday, July 6, 2018 WASHINGTON--(BUSINESS WIRE)-- WGL Holdings, Inc. (NYSE:WGL) and AltaGas Ltd. (TSX:ALA) announced today that they and the other parties to their unanimous settlement agreement signed in May have accepted the conditions imposed by the Public Service Commission of the District of Columbia (DC PSC). The Commission unanimously approved the settlement agreement June 28 and issued its order on June 29. The acceptance of the conditions completes the final step in the regulatory review process, allowing the companies to move forward with closing the $4.5 billion transaction on Friday, July 6, 2018. Together, the combined energy companies will be in a stronger position to deliver exceptional service at affordable rate
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