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  • American City Business Journals3 months ago

    Oh no, not again! Washington Gas deal raises specter of regulatory fight

    Just a day after announcing its $6.4 billion acquisition by Canada-based AltaGas Ltd ., WGL Holdings Inc. (WGL) has started a full-court press to get political support and regulatory approval for the deal. D.C.-based WGL, the parent company of Washington Gas, is reaching out to politicians in Maryland, D.C. and Virginia and has notified regulators it plans to begin filing paperwork in the next two months. Eventually the two companies will begin scheduling in-depth briefings, WGL Holdings CEO and Chairman Terry McCallister said.

  • American City Business Journals4 months ago

    Opponents of the $6.8B Pepco-Exelon merger will have their day in court. Here's when.

    Opponents of the completed merger between Chicago-based Exelon Corp. (NYSE: EXC and Pepco Holdings Inc. have one last chance to alter — or unravel — the $6.8 billion deal, with the D.C. Court of Appeals setting the timeline for a legal challenge. The challengers have until Jan. 23 to file briefs and documents, while Pepco, Exelon and the D.C. Public Service Commission have until Feb. 22 to respond. The ongoing legal challenge is one of the last pieces of a more than two-year long back-and-forth between the energy companies, merger opponents and the D.C. government.

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