Connecticut company declines to comment on reports of PGW purchase
The company rumored to have agreed to purchase the Philadelphia Gas Works is not commenting on reports about a possible deal struck by Mayor Michael Nutter.“As a matter of corporate policy, we don’t comment on rumor and speculation,” said Michael West, director of corporate communications at UIL Holdings.
A letter obtained by the Daily News from another firm involved in the bidding process reportedly refers to UIL Holdings, an energy company based in New Haven, Connecticut and also with offices in Dallax Texas, as having been selected by the city.
“I’m not familiar with that,” West said of the report.
The planned privatization of PGW has been expected to provide a large economic boost to the city. An expected sales price has been estimated to be around $1.5 to $1.9 billion.
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