Commssion Begins Hearings on Southern Company Acquisition of AGL Resosurces
Staff Report From Metro Atlanta CEO
Thursday, March 10th, 2016
The Georgia Public Service Commission begins its hearings on the Southern Company acquisition of AGL Resources, the parent company of Atlanta Gas Light Company on Tuesday March 15, 2016. The hearing will follow the regular Administrative Session which begins at 10 a.m. The hearing will take place at the Commission offices in Room 110 at 244 Washington Street, Atlanta, Georgia.
The Commission has regulatory authority over AGLC, which is a wholly owned subsidiary of AGL Resources. The issues that the Commission will consider in this proceeding include but are not limited to:
-Whether the merger is in the public interest.
-Whether the merger will result in synergies, and if so, what is the appropriate allocation of any savings realized by such synergies?
-Whether the merger of AGL Resources with Southern Company will adversely affect Georgia ratepayers and/or competition among gas marketers, competition in the provision of electricity to consumers or commercial end users, competition in the transportation of gas, increase the costs of transmission of electricity, competition in the provision of electricity and gas to consumers or commercial end users, or among electric generation sources.
The schedule of review and hearings is as follows:
March 15, 2016 Commission hears direct testimony of parties
March 30, 2016 Staff and other parties file testimony
April 14, 2016 Commission hears testimony of Staff and other parties
April 22, 2016 Joint petitioners file rebuttal testimony
May 3, 2016 Commission holds hearing on rebuttal testimony
May 17, 2016 Briefs due from all parties
May 24, 2016 The Commission issues its decision