FTC & FERC approve Dominion Resources, CNG merger:
The Federal Trade Commission approved the merger of Dominion Resources Inc. and Consolidated Natural Gas Co. FERC conditionally approved the merger, and the companies intend to file a response accepting the conditions. Regulators in Virginia, Pennsylvania, Ohio, North Carolina and West Virginia have approved the merger. Still pending is approval by the Securities and Exchange Commission, which is expected by year-end. The merger is expected to close in the first quarter of 2000.