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Peoples Natural Gas Enters into Agreement to Purchase DeltaMarch 01, 2017
On March 1, 2017, The News Journal wrote about Delta Natural Gas’ definitive merger agreement with an affiliate of Peoples Natural Gas (Peoples). Peoples is controlled by Steel River Infrastructure Fund North America LP (Steel River).
According to the article, following the close of the transaction, Delta will be a wholly owned subsidiary of PNG Companies LLC, the parent of Peoples, and will continue to be regulated by the Kentucky Public Service Commission. O’Melveny is acting as legal advisor for Peoples and Steel River.