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Southern Company, AGL Resources receive merger approval from Maryland regulators

ATLANTA, May 3, 2016 /PRNewswire/ -- Southern Company SO, -1.36% and AGL Resources GAS, +0.02% have received regulatory approval of the companies' proposed merger from the Maryland Public Service Commission, with all intervening parties in support of the previously announced settlement agreement.

AGL Resources is the parent company of Elkton Gas, a regulated utility providing natural gas distribution services to customers in Elkton, Md.

When completed, the combination of Southern Company and AGL Resources is expected to create the second-largest utility company in the U.S. by customer base, bringing together:

  • Eleven regulated electric and natural gas distribution companies providing service to approximately 9 million customers;
  • Operations of nearly 200,000 miles of electric transmission and distribution lines;
  • More than 80,000 miles of gas pipelines; and
  • Approximately 44,000 megawatts of electricity generating capacity.

The companies expect to complete the transaction in the second half of 2016. For more information about the proposed merger, visit www.doingenergybetter.com.

About Southern Company With more than 4.5 million customers and approximately 44,000 megawatts of generating capacity, Atlanta-based Southern Company SO, -1.36% is the premier energy company serving the Southeast through its subsidiaries. A leading U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a 2014 Top Employer for Hispanics...


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