Today, the Public Service Commission of the District of Columbia (DC PSC) established its schedule to consider the unanimous settlement agreement between all parties in the combination of AltaGas and WGL Holdings, Inc. The DC PSC expects to issue a final decision on the merger the week of June 25, 2018. The settlement, filed on May 8, 2018, will provide approximately $41 million in direct benefits to D.C. residents, businesses and the community.
The DC PSC has scheduled a tentative public interest hearing at 11 a.m. on June 13, 2018, to consider the settlement. The Commission will make a determination on whether a formal hearing will be necessary after receiving testimony from all parties and information it has requested from AltaGas and WGL. The DC PSC also scheduled a community public hearing at 6:30 p.m. on June 13, 2018, to receive input from the public on the settlement agreement. Approval of the merger by the DC PSC is the final outstanding regulatory approval required before the AltaGas and WGL merger can close.
“We appreciate the Commission’s careful and deliberative consideration of the AltaGas and WGL combination, and look forward to the completion of the regulatory process,” said John O’Brien, President AltaGas Services (U.S.) Inc. “Together AltaGas and WGL will be in an even stronger position to deliver exceptional service at affordable rates, more investment in the community and workforce training programs, more clean energy choices for customers, and good, secure jobs right here in D.C.”
Parties to the settlement include the Government of the District of Columbia; the Office of the People’s Counsel; the Laborers’ International Union of North America, its affiliated District Council, and Local Unions serving or located in Washington, D.C. (collectively, LiUNA); Local 2 of the Office and Professional Employees International Union, AFL-CIO; the United States Department of Defense; the National Consumer Law Center/National Housing Trust Housing Association of Nonprofit Developers/Maryland Affordable Housing Coalition (collectively NCLC); and the Apartment and Office Building Association of Metropolitan Washington.
Learn more about the combination of AltaGas and WGL at www.wgldeliveringmore.com.