Southern (NYSE:SO) and AGL Resources (NYSE:GAS) said Nov. 3 that they have made a joint filing with the Maryland Public Service Commission asking the PSC to approve the companies proposed merger.
AGL Resources is the parent company of Elkton Gas, a regulated utility providing natural gas distribution services to approximately 6,000 customers in Elkton, Md.
In August, Southern announced that it had agreed to acquire AGL Resources in a deal estimated at $12bn. In its latest quarterly earnings report, Southern said that it has already filed approval applications in Illinois, New Jersey and Virginia. No filing has been made yet in Georgia, Southern said recently.
The companies expect to complete the transaction in the second half of 2016.
AGL is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services and midstream operations. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states.
AGL is also a stakeholder in the proposed Atlantic Coast Pipeline.
Southern is increasingly becoming one of the biggest users of natural gas in the country. Natural gas accounted for 45% of Southern’s energy mix in the third quarter, compared to 42% in 3Q 2014.