PA PUC Approves Aqua America Purchase of Peoples Gas for $4.3B

Aqua America, the nation’s second-largest water/wastewater utility company headquartered near Philadelphia, announced in October 2018 it would buy Peoples Gas, the nation’s fifth-largest natural gas utility company headquartered in Pittsburgh, for $4.275 billion (see Aqua America Buys Peoples Gas for $4.3B – Old Pipes, Similar Nature). It took a while, but the last hurdle was cleared yesterday when the Pennsylvania Public Utility Commission gave its blessing on the deal.

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