Chris Kinney, CEO of SteelRiver Infrastructure Fund North America, said: “We applaud the Pennsylvania PUC’s unanimous decision to approve our acquisition of Peoples Natural Gas Company, which will allow us to move forward to build a sound company that will serve the people of southwestern Pennsylvania. Our acquisition of the company will create jobs and improve the economy of the region.
“We look forward to working with Peoples’ employees and the community to strengthen the new gas company and enhance service to our customers. We are committed to investing in the company and ensuring that we can meet the energy needs of the region now and in the future.”
In addition to acquiring Peoples, SteelRiver has filed an application with the Public Service Commission of West Virginia to purchase Dominion Hope Gas in West Virginia, and the acquisition of Peoples is contingent upon approval of that sale.
