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Phila. Gas Works Goes on Auction Block – Marcellus Key in Sale? | Marcellus Drilling News
Philadelphia is about to put the 176 year-old Philadelphia Gas Works (PGW) natural gas utility company on the auction block with the aim of privatizing it. Although it's not viewed as a great opportunity (fixed base of around 500,000 customers who are getting more energy-efficient each year), the utility has an ace in the hole: