Atmos Energy gets go-ahead to buy TXU gas ops for $1.9bn

Yesterday Atmos received the third and final state approval it needs for the purchase from the Missouri Public Service Commission (PSC). The Missouri PSC’s approval follows those from the regulatory commissions in Iowa and Virginia. Atmos has utility divisions in the other states, so needs approval from them.

Atmos will pay fellow Dallas company TXU $1.925 billion in cash. It will finance the purchase, which was first announced on June 17, with an interim senior credit facility led by

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