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Office Of People’s Counsel Files Response To AltaGas Letter On Merger Condition
OPC disagrees with AltaGas’ assertion that the ongoing requirements of commitment 50 have ceased.
From Letter:
[ *** ] OPC agrees that based on the information AltaGas has provided in its letter, a third-party expert found that AltaGas’s cybersecurity maturity to be comparable or greater than WGL’s,6 and that the DC Public Service Commission agreed with the assessment.7 OPC’s statement that the determinations of cybersecurity parity had not been filed with the Maryland Commission8 was based upon the public records of the Commission. None of the information contained in AltaGas’s June 12 letter was contained in WGL’s merger compliance filing, nor in the Commission’s public records (including any public notation of a confidential filing to the Commission). The status of merger commitments made on the public record should be determined based upon some publicly available information, even if just a notation of a confidential filing on the Commission’s website.
Additionally, the determination on whether provisions of a merger commitment have been satisfied should come from the Commission, not the DC commission or the company itself. A merger commitment made to the Commission should not automatically end without any public acknowledgement from the regulatory entity that the commitment was made to and that approved it. OPC respectfully requests that the Commission clarify whether it accepts the findings of the third-party expert, and whether the reporting requirements of commitment 50 have been satisfied.
OPC Letter (ML# 310304) (06/17/2024)
9449 (04/27/2017)
(In The Matter Of The Merger Of AltaGas Ltd., And WGL Holdings, Inc.)
