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AltaGas Ltd. and WGL Holdings, Inc. Announce a Settlement in Principle with Key Stakeholders in Washington D.C.
AltaGas Ltd. and WGL Holdings, Inc. Announce a Settlement in Principle with Key Stakeholde...
About this update from Altagas Ltd.
[{"type":"text","content":"\n\n\n\nAltaGas Ltd. and WGL Holdings, Inc. Announce a Settlement in Principle with Key Stakeholders in Washington D.C.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 4, 2018\n\n\n\nCALGARY, May 4, 2018 /CNW/ - Today, AltaGas Ltd. (AltaGas) (TSX:ALA) and WGL Holdings, Inc. (NYSE: WGL) (WGL) announced that they have reached a settlement in principle with key stakeholders in Washington D.C., including 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), the United States Department of Defense, the National Consumer Law Center/National Housing Trust-Enterprise Preservation Corporation (collectively NCLC), and the Apartment and Office Building Association.\n\nAll key parties have now reached an understanding on settlement terms, clearing a path for review and approval by the Public Service Commission of the District of Columbia (DC PSC). The approval by the DC PSC is the final outstanding regulatory approval required for the AltaGas and WGL merger.  The settlement terms are to be provided to the DC PSC by May 8, 2018.\n\n\"We are very pleased to have reached settlement terms in principle in the District of Columbia that meet our expectations,\" said David Harris, President and Chief Executive Officer of AltaGas. \"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.\"\n\n\"We are confident that our combination with AltaGas will benefit the economy of Washington, D.C. and the entire region,\" said Terry D. McCallister, Chairman and CEO of WGL, the parent company of Washington Gas. \"Since announcing our plan to combine in early 2017, AltaGas and WGL have worked constructively with all stakeholders to ensure that the combinat...