CNG to merge with Dominion Resources:

CNG to merge with Dominion Resources:

Consolidated Natural Gas Co.`s board of directors accepted a revised $6.4 billion offer from Dominion Resources and rejected an unsolicited offer of $6.68 billion from Columbia Energy Group due to its uncertainty and timing. The merger will create the nation`s fourth-largest electric and natural gas utility with more than 20,000 MW of power generation and about 3 Tcfe of natural gas and oil reserves producing more than 300 Bcfe annually.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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