Connecticut Firm Reportedly Wins PGW Sale

UIL Holdings Corp. is the reported winner in bidding process.

The Daily News reports that a winning bidder has been selected in the sale of Philadelphia Gas Works by the city.

MAYOR NUTTER’S administration has selected UIL Holdings Corp. as the winning bidder for the sale of Philadelphia Gas Works, according to a letter from a lawyer representing a rival bidder that was obtained by the Daily News.

UIL, of New Haven, Conn., is the parent company of United Illuminating Co., Southern Connecticut Gas Co., Connecticut Natural Gas Corp. and Berkshire Gas Co., according to its website.

Administration officials declined to confirm or deny the choice of UIL.

Terms of the sale have not been reported. The sale must be approved by the City Council, and the state Public Utility Commission.

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  • matthew brandley

    this could open up phila to become a east coast power house for energy. Phila has the port acces to export natural gas to the rest of the world without going through the regulatory hassle of the epa which is controled by the gones of the seirra club. This Is a win for Phila and the entire region

  • B.H. Obama

    “If you like your gas utility, you can keep your gas utility.”

  • Phillygirl

    When is putting people out of work ever a “win” for a City? Nutter wants to “replenish” the City pension fund on the backs of PGW employees! He needs a plan for pension reform, the money the City gets from PGW is a drop in the bucket!