Marking a clean sweep through the shareholder votes of its threepotential mergers, Energy East announced yesterday that stockholders of CTG Resources had “overwhelmingly” approved the proposeddeal. Energy East said it expects the CTG merger to be finalized bythe end of the second quarter next year. The CTG shareholdersapproved the transaction yesterday at a special meeting inHartford, CT.

Energy East has been the most active energy company in 1999,announcing three separate acquisitions. Along with CTG, Energy Eastpicked up CMP Energy for $1.2 billion last April and ConnecticutEnergy for $617 million last June.

While the Ithaca, NY-based company has won shareholder approvalfor each, it still needs state, FERC and NRC approvals. Energy Eastsaid it expects all of the deals to be completed by mid-year nextyear.

Following the completion of all three acquisitions, Energy Eastwill have 1.3 million electric customers and about 542,000 gascustomers, excluding any added through CMP Natural Gas, the Mainegas distribution partnership of Energy East and CMP. With CTG andConnecticut Energy, Energy East becomes the largest gas distributorin the state with about 300,000 customers.

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