Compilation of Investor-Owned Utility Transactions - Mergers and Major Acquisitions

 

Investor-owned Utilities: Mergers and Major Acquisitions
(updated 4-10)

2010

Mirant Corporation and RRI Energy have entered into a definitive merger agreement.  The new company, which will be called GenOn Energy, will possess approximately 24,700 MW of generating capacity.  Mirant stockholders will own approximately 54% of the new company, and RRI stockholders will own 46% of the new company. 4/10

BHE Holdings, a subsidiary of Nova Scotia-based Emera, has agreed to purchase all outstanding shares of Maine & Maritimes, the holding company of Maine Public Service.  3/10

FirstEnergy Corp. has entered into an agreement to purchase Allegheny Energy Inc. 2/10

2009

Chesapeake Utilities and Florida Public Utilities have merged.  FPU serves electric customers in northwest Florida, and is now a wholly-owned subsidiary of Chesapeake Utilities.  10/09

A consortium of US and Candadian pension funds led by Macquerie Infrastructure has purchased Puget Energy, the parent company of Puget Sound Energy.  Others included in the group are the Canada Pension Plan Investment Board, British Columbia Investment Management, Alberta Investment Management, Macquerie-FSS Infrastructure Trust and Macquerie Bank.  2/09

2008

MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway, Inc., has agreed to purchase Constellation Energy Group Inc., the nation's largest wholesale electric power seller.  Constellation is also the parent company of electric utility Baltimore Gas & Electric.  9/08  The merger has been cancelled.  Constellation is instead selling a stake in 49.99 percent of their nuclear fleet to the French utility EDF.  12/08

Sempra Energy acquired EnergySouth's natural gas storage and distribuition assets in the southeast.  10/08

Iberdola, a Spanish energy company, has purchased Energy East.  Energy East owns three electric utilities: Rochester Gas & Electric, New York State Electric & Gas Corp., and Central Maine Power Co.  9/08

Black Hills Corporation has purchased Aquila Inc.'s electric utility in Colorado and its gas utility operations in Colorado, Kansas, Nebraska, and Iowa. Acquila's electric properties in Missouri have been merged into a subsidiary of Great Plains Energy and will operate as Kansas City Power and Light. 7/08

PNM Resources and Continental Energy Systems are swapping natural gas and electric utilities.  PNM is purchasing Cap Rock Holdings and its subsidiary Cap Rock Energy from Continental.  Cap Rock serves 36,000 electric customers in Texas.  Contintal is purchasing PNM's gas operations in New Mexico.  1/08  Continental's sale of its electric utility in Texas to PNM Resources has been cancelled. 7/08

2007

National Grid, a British company that owns several New England electric utilities, has purchased KeySpan, which owns several natural gas distribution systems serving New York, Massachusetts and New Hampshire and electric generating capacity in New York.  8/07

Australian holding company Babcock & Brown Infrastructure agreed to purchase NorthWestern Corp., South Dakota's largest electric and gas utility.  4/06; Merger withdrawn 7/07

The Macquarie Consortium, an investor group led by Macquarie Infrastructure Partners and Diversified Utility and Energy Trusts (an Australian company), has purchased Duquesne Light Holdings  5/07

Duke Energy has purchased the wind power development business of Tierra Energy from Energy Investment Funds.  The acquisition includes over 1,000 MW of wind assets throughout the west and southwest. 5/07

Northern New England Energy, a subsidiary of Quebec-based Gaz Matro, has acquired Green Mountain Power, a Vermont utility   4/07

TXU Corp has agreed to a buyout by two private equity firms: Texas Pacific Group and Kohlberg Kravis Roberts.  As a condition of the sale, the firms have agreed to cancel the development of TXU's proposed coal-fired plants. 

WPS Resources and Peoples Energy have merged to form a new company, Integrys Energy Group. WPS Resources' shareholders own approximately 57.6 percent of the combined company, and Peoples Energy shareholders own approximately 42.4 percent. 2/07

Alliant subsidiary Interstate Power and Light has agreed to sell its transmission assets in Iowa, Minnesota and Illinois to ITC Midwest, which is a subsidiary of ITC Holdings.  1/07

2006

FPL Group, parent company of Florida Power & Light, is merging with Constellation Energy Group, Inc., parent company of Baltimore Gas & Electric; both companies also own unregulated power plants 12/05; merger withdrawn 10/06

Exelon Corp announced plans to acquire Public Service Enterprise Group, holding company for Public Service Electric & Gas, an investor-owned utility serving customers in New Jersey 12/04; merger withdrawn 9/06

WPS Resources Corp. acquired two natural gas operations from Aquila Inc. - Michigan Gas Utilities and Minnesota Gas.  Its purchase of Michigan Gas was completed in April, 2006, and its purchase of Minnesota Gas was completed in July, 2006.  7/06

Southern Company merged its two Georgia subsidiaries - Georgia Power and Savannah Electric - into a single utility  7/06

Duke Energy completed it purchase of Cinergy; Duke electric operations are in North Carolina and South Carolina, and Cinergy's electric utility subsidiaries, Cincinnati Gas & Electric Co., Union light, Heat & Power, and PSI Energy, serve customers in Indiana, Ohio and Kentucky.  4/06

MidAmerican Energy Holdings Co. has completed its acquisition of PacifiCorp from ScottishPower PLC. 3/06

American Electric Power subsidiary Columbus Southern completed its purchase of Monongahela Power's southeastern Ohio service territory  1/06

 

2005

TNP Enterprises, holding company for Texas-New Mexico Power Company, was acquired by S.W. Acquisition Corp, a private investor group, and became a privately-held corporation, TNP Enterprises Inc 4/00; PNM Resources, holding company for Public Service Company of New Mexico, acquired TNP Enterprises 6/05

Wisconsin Public Service Corp. is purchasing a majority of the electric distribution assets of Consolidated Water Power Company, which is a subsidiary of Stora Enso North America, a paper manufacturer 5/05

Enron agreed to sell its electric utility subsidiary, Portland General Electric to Oregon Electric Utility, a new company funded by an investor group, including Texas Pacific Group 11/03; the Oregon PUC rejected Texas Pacific Group's application 3/05 and Texas Pacific Group terminated the deal 4/05

Black Hills Corp. purchased Cheyenne Light, Fuel & Power from Xcel Energy 1/05

2004
An investor group, including Kohlberg Kravis Roberts, JP Morgan Partners and Wachovia Capital Partners, are purchasing UniSource Energy, holding company for Tuscon Electric Power 11/03; After the Arizona Corporation Commission rejected the acquisition, the investor group terminated the deal 12/04

Ameren purchased, from Dynegy, Illinois Power (renamed AmerenIP) and Dynegy's 20% interest in Electric Energy, which owns the Joppa coal-fired station 10/04

Citizens Communications sold its Vermont Electric Division distribution business to the Vermont Electric Cooperative 4/04  and its Vermont transmission system to the Vermont Electric Power Company 12/03

Central Vermont Public Service sold its subsidiary, Connecticut Valley Electric, to Public Service Company of New Hampshire, a subsidiary of Northeast Utility 1/04

2003
Exelon Corp, parent company of Commonwealth Edison and PECO Energy, announced a deal to purchase Illinois Power, a subsidiary of Dynegy, contingent on the state legislature enacting certain provisions; the deal was cancelled the same month when the legislation failed 11/03

Carolina Power and Light Co acquired North Carolina Natural Gas Corp 7/99; CP&L’s successor company, Progress Energy sold North Carolina Natural Gas Corp and its 50% interest in Eastern North Carolina Natural Gas to Piedmont Natural Gas 9/03

UniSource Energy, parent company of Tucson Electric Power, purchased Citizens Communications Company’s (formerly Citizens Utilities) Arizona transmission and distribution system; the acquired system is now known as UniSource Energy Services 8/03

Ameren Corp purchased CILCORP, the holding company for Central Illinois Light Co, from AES Corp 1/03

2002
Unitil merged its two New Hampshire utilities, Concord Electric and Exeter & Hampton Electric into one utility, Unitil Energy Systems 12/02

Citizens Utilities (renamed Citizens Communications Company) is selling its Vermont and Arizona systems to Cap Rock Energy Corp (a new investor-owned utility formed from Cap Rock Electric Coop) and its Hawaii system, Kauai Electric, to Kauai Island Utility Cooperative 2/00; the Hawaii public utility commission rejected the sale to the cooperative 8/00; agreement with Cap Rock Energy cancelled 3/01; The sale of Kauai Electric was renegotiated 3/02, and the sale of Kauai Electric to the cooperative completed 11/02

Exelon Corp acquired 49.9% of Sithe North America, whose assets include 27 operating plants totaling 3,800 mWs, 2,500 mWs under construction, and 3,700 mWs in advanced development; Exelon has the option to purchase the remaining 50.1% in 2 to 5 years; (the deal was made by PECO Energy Co before its merger into Exelon was completed) 12/00; Exelon purchased the remaining 50% of Sithe’s New England plants, which account for approximately 75% of Sithe’s assets 11/02

Potomac Electric Power Co merged with Conectiv, Inc and formed a registered holding company, Pepco Holdings Inc 8/02

MidAmerican Energy Holdings purchased Northern Natural Gas, a pipeline company, from Dynegy 8/02

Energy East Corp, holding company for New York State Electric & Gas Corp, acquired RGS Energy Group, Inc, holding company for Rochester Gas and Electric Corp 6/02

Aquila Inc (formerly UtiliCorp United) is acquiring independent power producer Cogentrix Energy 4/02: transaction cancelled 8/02

Reliant Resources, subsidiary of Reliant Energy, acquired Orion Power Holdings, a generation company jointly owned by Goldman Sachs, Constellation Power Source (an affiliate of Baltimore Gas & Electric) and others 2/02

NorthWestern Corp (formerly named NorthWestern Public Service Co) acquired the electric and gas businesses of Montana Power Co 2/02

2001
FirstEnergy Corp became a registered holding company upon its merger with GPU Inc, itself a registered holding company 11/01

Dominion Resources Inc purchased Louis Dreyfus Natural Gas, an oil and gas exploration and production company 11/01

Northwest Natural Gas Co, gas distribution company, is acquiring Portland General Electric Co from Enron; after the acquisition, the two companies will be subsidiaries of a new holding company 10/01

DTE Energy Co, holding company for Detroit Edison Company, merged with MCN Energy Group Inc, holding company for Michigan Consolidated Gas Co 5/01

AES Corp, an independent power producer and owner of CILCORP, acquired IPALCO Enterprises, holding company for Indianapolis Power and Light Co 3/01

2000
UtiliCorp United Inc acquired St. Joseph Light & Power Co 12/00

Carolina Power and Light Co acquired Florida Progress Corp, parent of Florida Power Corp, and became a registered holding company, Progress Energy, Inc 11/00

Public Service Company of New Mexico is purchasing the utility assets of Western Resources 11/00; PSC-New Mexico terminated its proposed merger with Western Resources 1/02

NiSource Inc, holding company for Northern Indiana Public Service Company, made a hostile bid for Columbia Energy Group, a natural gas distribution and pipeline company and a registered holding company 6/99; companies agreed to merge 2/00; merger was completed 11/00

Unicom Corp, holding company for Commonwealth Edison Co, and PECO Energy Co merged to form a registered holding company, Exelon Corp 10/00

Energy East Corp, holding company for New York State Electric & Gas Corp, acquired two gas distribution companies, CTG Resources Inc, parent of Connecticut Natural Gas Corp, and Berkshire Energy Resources, holding company for a Massachusetts company. Energy East also acquired CMP Group, holding company for Central Maine Power Co. The resulting company is a registered holding company 9/00

Allegheny Energy Inc acquired Mountaineer Gas Co, a gas distribution company in West Virginia, from Energy Corporation of America 8/00

Northern States Power Co merged with New Century Energies, a registered holding company that owns Public Service Company of Colorado and Southwestern Public Service Company. The merged company is named Xcel Energy Inc 8/00

FPL Group and Entergy Corp, a registered holding company with electric utility subsidiaries, agreed to merge 7/00; merger terminated by mutual consent 4/01

Wisconsin Public Service Corp is acquiring Wisconsin Fuel and Light Co, a gas distribution company 7/00

American Electric Power Company, Inc acquired Central and South West Corporation (each company is a registered holding company that owns electric utility subsidiaries) 6/00

New England Electric System, renamed National Grid USA after its 3/00 acquisition by National Grid Group, acquired Eastern Utilities Associates (registered holding company that owns 3 New England distribution utilities) 4/00

Wisconsin Energy Corp, holding company for Wisconsin Electric Power Co, acquired Wicor, Inc, holding company for Wisconsin Gas Co 4/00

MidAmerican Energy Holdings was acquired by a private investment group, Teton Acquisition Corp, which includes as its largest investor, Berkshire Hathaway Inc 3/00

Duke Energy Corp purchased a gas pipeline company, East Tennessee Natural Gas Co, from El Paso Energy Corp 3/00

SIGCORP Inc, parent of Southern Indiana Gas & Electric, merged with Indiana Energy Inc, parent of Indiana Gas Co, a natural gas distribution company to form Vectren Corp 3/00

Northeast Utilities acquired Yankee Energy System, Inc, a gas distribution utility in Connecticut 3/00

SCANA Corp (holding company for South Carolina Electric & Gas Co) acquired Public Service Company of North Carolina, a gas distribution utility; SCANA became a registered holding company 2/00

Energy East Corp, holding company for New York State Electric & Gas Corp, acquired Connecticut Energy Corp, holding company for Southern Connecticut Gas Co, a gas distribution company 2/00

Dynegy Inc, an energy marketing and natural gas processing and transportation company, acquired Illinova Corp, parent of Illinois Power 2/00

Dominion Resources Inc (holding company for Virginia Power) acquired Consolidated Natural Gas Co, a registered holding company that has natural gas distribution, pipeline, production and marketing subsidiaries; Dominion Resources is now a registered holding company 1/00

Allegheny Power, subsidiary of Allegheny Energy Inc, acquired West Virginia Power, a division of UtiliCorp United Inc 1/00

1999
Sierra Pacific Resources is purchasing Portland General Electric Co from Enron Corp and will become a registered holding company 11/99; Merger terminated 4/01 (The state government enacted a law preventing Sierra Pacific from selling its power plants; Sierra Pacific planned on using the proceeds from the plant sales to purchase Portland General.)

KeySpan Corporation, which owns the generating assets of the former Long Island Lighting Co, is merging with Eastern Enterprises, holding company of Boston Gas 11/99

Consolidated Edison (parent of Consolidated Edison of New York, Inc and Orange & Rockland Utilities, Inc) is acquiring Northeast Utilities (holding company for Connecticut Light & Power, Public Service Company of New Hampshire, and Western Massachusetts Electric Co) and will become a registered holding company 10/99; companies filed to terminate merger 3/01

BEC Energy (holding company for Boston Edison Co) and Commonwealth Energy System (holding company for three electric utilities) merged to form the holding company, NSTAR 8/99

Sierra Pacific Resources (holding company for Sierra Pacific Power Co) and Nevada Power Co merged, and the two electric utilities are both subsidiaries of Sierra Pacific Resources 7/99

Consolidated Edison Inc (parent of Consolidated Edison of New York, Inc) acquired Orange & Rockland Utilities Inc 7/99

OGE Energy Corp, parent of Oklahoma Gas and Electric Company, acquired Transok LLC, a gatherer, processor and transporter of natural gas and an affiliate of Shell Oil Company; the acquisition was made through OGE's subsidiary, Enogex Inc 7/99

UtiliCorp United is merging with Empire District Electric Company 5/99; merger terminated 12/00

PacifiCorp, through its subsidiary, PacifiCorp Holdings Inc, acquired TPC Corporation, a natural gas gathering, processing and marketing company 4/97 PacifiCorp sold TPC to NiSource Inc, (holding company for Northern Indiana Public Service Co) 4/99

Duke Energy purchased UP Fuels, the natural gas processing and marketing unit of Union Pacific Resources 3/99

CMS Energy Corp (parent of Consumers Energy Co) purchased Panhandle Eastern Pipe Line Co and Trunkline Gas Co from Duke Energy 3/99

MidAmerican Energy Holdings Co merged with CalEnergy Company Inc, an independent power producer 3/99

Sempra Energy (parent of San Diego Gas & Electric) is acquiring K N Energy, Inc., a natural gas pipeline and storage company 2/99 Merger agreement terminated by mutual consent 6/99

NIPSCO Industries (holding company for Northern Indiana Public Service Co) merged with Bay State Gas Company, a gas distribution, marketing & energy services company 2/99

1998
American Electric Power Company Inc acquired Equitable Resources Inc, a natural gas gathering, processing and storage company 12/98

CMS Energy Corp (parent of Consumers Energy Co) acquired Continental Natural Gas Inc, a gas gathering, processing and marketing company 10/98

WPS Resources Corp (holding company for Wisconsin Public Service Corp) acquired Upper Peninsula Energy Corp (holding company for Upper Peninsula Power Co) 9/98

PP&L Resources (parent of Pennsylvania Power & Light Co) acquired Penn Fuel Gas, Inc, a gas distribution company 8/98

Enova Corp, (parent of San Diego Gas and Electric Co) and Pacific Enterprises (parent of Southern California Gas Co) merged to form Sempra Energy 6/98

Wisconsin Energy Corp (parent of Wisconsin Electric Power Co) acquired Eselco Inc (holding company for Edison Sault Electric Co) 5/98

Long Island Lighting Co and KeySpan Energy (parent of Brooklyn Union Gas Co) merged to form MarketSpan Corp 5/98

Long Island Power Authority (LIPA) acquired the distribution, transmission and nuclear generating assets of Long Island Lighting Company 5/98 (LIPA was created in 1986 as a political subdivision of the state of New York.)

LG&E Energy Corp (parent of Louisville Gas & Electric Co) merged with KU Energy Corp (parent of Kentucky Utilities Co) 5/98

WPL Holdings Inc (holding company for Wisconsin Power & Light Co), IES Industries Inc (holding company for IES Utilities Inc), and Interstate Power Company merged to form a registered holding company, Alliant Energy 4/98 IES Utilities and Interstate Power Company merged to form Interstate Power & Light Co, an operating subsidiary of Alliant Energy 1/02

Atlantic Energy Inc (parent of Atlantic City Electric Co) and Delmarva Power and Light Co merged to form Conectiv, a registered holding company 3/98

1997
Union Electric Company and CIPSCO Inc (parent of Central Illinois Public Service Co) merged to form Ameren Corporation, a registered holding company; electric utilities renamed AmerenUE and AmerenCIPS 12/97

Ohio Edison Co and Centerior Energy Corp (parent of The Toledo Edison Co and The Cleveland Electric Illuminating Co) merged to form FirstEnergy Corporation 11/97

Public Service Company of Colorado and Southwestern Public Service Co merged to form New Century Energies, a registered holding company 8/97

Houston Industries Inc (holding company for Houston Lighting & Power Co) acquired NorAm Energy Corp, a natural gas distribution and transmission company 8/97

Texas Utilities Company (holding company for Texas Utilities Electric Co and Southwestern Electric Service Co) acquired ENSERCH Corp, a natural gas company 8/97

PG&E Corp (parent of Pacific Gas & Electric Co) acquired the natural gas business (marketing, processing and gas pipeline system) of Valero Energy Corp 7/97 (PG&E completed its acquisition of Energy Source Inc, a gas marketer, 12/96, and of Teco Pipeline Inc, a gas processor and transporter 1/97)

CalEnergy Company Inc, an energy company that owns numerous power facilities, made a hostile bid for New York State Electric & Gas Corp announced 7/97; withdrawn 8/97

Enron Corp acquired Portland General Corp, holding company for Portland General Electric Co. 7/97

TECO Energy (parent of Tampa Electric Co) acquired Lykes Energy Inc (privately held), which owns Florida's largest natural gas retail distribution company (Peoples Gas System), and acquired West Florida Gas Inc 6/97

Duke Power Co acquired PanEnergy Corp, a natural gas pipeline company, to form Duke Energy Corporation 6/97

Allegheny Energy Inc (a registered holding company) is merging with DQE (parent of Duquesne Light Co) announced 4/97 DQE terminated merger but Allegheny sued 10/98 Court ruled for DQE 12/99 and Court of Appeals upheld lower court 5/00

NIPSCO Industries Inc (parent of Northern Indiana Public Service Co) acquired IWC Resources Corp, a water utility and energy services provider 3/97

Puget Sound Power & Light Co and Washington Energy Co, a gas utility, merged to form Puget Sound Energy, Inc 2/97

1996
MidAmerican Energy Co made a hostile bid to acquire IES Industries Inc (parent of IES Utilities Inc) announced 8/96; withdrawn 10/96 after IES Industries' stockholders approved merger with WPL Holdings Inc and Interstate Power Company

Western Resources Inc made a hostile bid to acquire Kansas City Power & Light Company announced 4/96; Companies agreed to merge 2/97; KCP&L cancelled merger 1/00

New England Electric System (a registered holding company) acquired Nantucket Electric Co 3/96

UtiliCorp United Inc and Kansas City Power & Light Company proposing merger to form a registered holding company, Maxim Energies Inc announced 1/96; disapproved by KCP&L stockholders 9/96

1995
Baltimore Gas & Electric Co and Potomac Electric Power Co proposing merger to form Constellation Energy Corporation announced 9/95; withdrawn 12/97

Southwestern Public Service Co purchased panhandle district of Texas from Texas-New Mexico Power Co 9/95

PECO Energy Co made an offer for PP&L Resources Inc (parent of Pennsylvania Power & Light Co) announced 8/95; offer dropped 11/95 (PP&L Resources later rejected 2nd offer)

Midwest Resources Inc (holding company for Midwest Power Systems Inc) merged with Iowa-Illinois Gas & Electric Co to form MidAmerican Energy Co 7/95

Delmarva Power & Light Co purchased Conowingo Power Co from PECO Energy Co 6/95

LG&E Energy Corp (parent of Louisville Gas & Electric Co) acquired Hadson Corporation, a gas marketing, transmission and processing company 5/95

Northern States Power Co and Wisconsin Energy Corp (parent of Wisconsin Electric Power Co) proposing merger to form Primergy Corp, a registered holding company announced 5/95; withdrawn 5/97

1994
Washington Water Power Co acquired Sandpoint district in Idaho from PacifiCorp 12/94

PSI Resources Inc (parent of PSI Energy Inc) merged with Cincinnati Gas & Electric Co to form CINergy Corp, a registered holding company 10/94

Sierra Pacific Resources (holding company for Sierra Pacific Power Co) proposing merger with Washington Water Power Co to form Altus Corp announced 6/94; withdrawn 7/96

1993
Entergy Corp (registered holding company) acquired Gulf States Utilities Co 12/93

Texas Utilities Co (parent of Texas Utilities Electric Co) acquired Southwestern Electric Service Co 7/93

Central and South West Corp (registered holding company) proposed merger with El Paso Electric Co 5/93; merger plans terminated by Central and South West Corp 6/95

IPALCO Enterprises (parent of Indianapolis Power & Light Co) made a hostile bid for PSI Resources Inc (parent of PSI Energy Inc) 3/93; withdrawn 8/93

1992
Iowa Electric Light & Power Co acquired Iowa distribution system & portion of transmission system from Union Electric Co 12/92

Central Illinois Public Service Co purchased NW Illinois distribution property of Union Electric Co 12/92

Northeast Utilities (registered holding company) acquired Public Service Co of New Hampshire after 1988 bankruptcy of PSC-NH; Merger completed and North Atlantic Energy Corp, subsidiary of NU, acquired PSC-NH's interest in Seabrook Nuclear plant 6/92

UNITIL Corp became a registered holding company with the acquisition of Fitchburg Gas & Electric Light Co 4/92

Kansas Power & Light Co (name changed to Western Resources Inc 5/92) acquired Kansas Gas & Electric Company 3/92

Union Electric Co purchased Missouri distribution property of Arkansas Power & Light Co 3/92

1991
UtiliCorp United acquired Centel Corp (renamed WestPlains Energy) effective 9/91

IE Industries Inc (holding company for Iowa Electric Light & Power Co) acquired Iowa Southern Utilities Co and formed IES Industries Inc 7/91; Operating subsidiaries, Iowa Electric Light & Power Co and Iowa Southern Utilities Co, merged to form IES Utilities Inc 12/93

1990
Midwest Energy Co (parent of Iowa Public Service Co) and Iowa Resources Inc (parent of Iowa Power Inc, formerly Iowa Power & Light Co) merged 11/90 to form Midwest Resources Inc; Operating subsidiaries, Iowa Public Service Co and Iowa Power Inc, merged to form Midwest Power Systems Inc 7/92

Eastern Utilities Associates (registered holding company) acquired Newport Electric Corp 4/90

1989
PacifiCorp and Utah Power & Light Co merged 1/89

1988
Duke Power Co acquired Nantahala Power and Light Co 11/88

The Southern Company (registered holding company) acquired Savannah Electric & Power Co 3/88

1987

UtiliCorp United acquired West Virginia Power from Dominion Resources Inc (parent of Virginia Electric & Power Co) 3/87