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DC Government and AltaGas File Update on Settlement Regarding Penalty Issue in Merger of AltaGas and Washington Gas
From Letter:
“On behalf of the District of Columbia Government (DCG) and AltaGas Ltd. (AltaGas or the Company) (collectively, the Parties), the purpose of this letter is to update the Public Service Commission for the District of Columbia (Commission) on the status of the Parties’ settlement negotiations intended to resolve the issue of penalties that AltaGas should pay for its breach of Term No. 5 (F.C. 1142, Order No. 19396, Appendix A, issued June 29, 2018).
As directed by the Commission in Order No. 22297, issued in this matter on September 16, 2024, the Parties jointly submit this letter to update the Commission that they are nearing finalization of an agreement to be submitted in the form of a Consent Decree, along with a joint motion for entry of a Consent Decree. In order to allow the Parties time to complete this process, including sharing final drafts of these documents with the other parties to Formal Case No. 1142 in order to gauge their positions with respect to same, the Parties jointly request that the Commission continue to hold any order on Term No. 5 penalties in abeyance for 7 more days (until October 7, 2024).
It is the Parties intent to conclude this matter within the timeframe requested. Should additional time be needed, the Parties will so advise the Commission on or before October 7, 2024.”
Letter (09/30/2024)
FC1142 (04/24/2017)
(In The Matter Of The Merger Of AltaGas, Ltd. And Washington Gas Holdings, Inc.)
