And, well truly notice gasoline as well as electricity basically compete on the degree playing field.
The recent announcement that Southern Co. Anyone possess a couple of very good utility companies together with superb reputations coming together.
That ought to result in a few synergies, a range of best procedures sharing, maybe a range of cost benefits over time, Greiner added. so all those things, I think, will possibly be beneficial. We see it as positive coming from an operations standpoint. The Actual business is now a new wholly-owned subsidiary involving Cobb EMC.
Southern Co. AGL operates as well as maintains your natural gas infrastructure throughout Georgia, although gas South and other companies marketplace gas in order to customers.
Gas South serves regarding 280,000 residential, enterprise along with governmental clients inside Georgia along with Florida, has been formerly owned by Southern Co. will purchase AGL Resourcesshould advantage consumers, your head associated with gas South told a company association this week.
We see it as really positive via an infrastructure standpoint, Kevin Greiner, president along with CEO associated with Gasoline South, advised the actual Buckhead business Association (BBA) within a Thursday morning appearance. Regarding whatever the use is, does it create much more feeling regarding natural gas, can it sound right much more regarding electricity? And, I feel all round that will is planning to be best for consumers and excellent for the market.
Greiner noted that will AGL will be presently extending its network of pipelines in order to places throughout north as well as south Georgia in order that Georgia is really as well-served as an individual can simply by natural gas. will be purchasing AGL resources with regard to $8 billion in cash; the deal is predicted to seal in the second 1 / two of 2016, BloombergBusiness formerly reported.