Dominion Resources and Consolidated Natural Gas filed with the
Federal Energy Regulatory Commission for approval of their
previously announced merger plan. With yesterday's submission, the
companies have completed all regulatory filings necessary for
merger approval. The companies said in the joint filing that the
merger plan satisfies requirements of Section 203 of the Federal
Power Act. FERC must approve the transfer of the power marketing
subsidiaries of CNG to Dominion Resources under Section 203. In
addition to filing with FERC, the companies have completed merger
filings with the U.S. Securities and Exchange Commission (SEC) and
with public utility commissions in Virginia, North Carolina,
Pennsylvania and West Virginia.
LG&E Power Inc. of Louisville, KY, a subsidiary of LG&E
Energy Corp., said it will build a 450 MW gas-fired merchant power
plant in Monroe, Ga., about 40 miles east of Atlanta. The project
is expected to be completed by June 1, 2001. Pending all necessary
permits, regulatory approvals and transmission agreements, site
work will begin by first quarter 2000. Gas transportation will be
provided by Transco Energy Co.
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