Tuesday, December 05, 2006

Settlement in Equitable Merger Case

Pittsburgh Tribune-Review:
A two-year freeze on natural gas delivery rates is part of the settlement that Equitable Resources Inc. reached with consumer advocates, political leaders and some gas suppliers who fought its controversial plan to acquire Dominion Peoples Gas.

The agreement addresses service, safety and competitive issues, and represents a major step in North Shore-based Equitable's efforts to secure the state Public Utility Commission's approval for the merger early next year, observers said.