Eversource to buy Columbia Gas for $1.1B; expects to work with regulators and consumer groups over 30 days – masslive.com
Eversource Energy announced Wednesday that it has reached an agreement to purchase the Massachusetts natural gas assets of Columbia Gas for $1.1 billion from NiSource. The acquisition will bring Columbia Gas operations in Massachusetts under local ownership by the largest energy company in New England, Eversource said in a news release after the stock markets closed. Eversource and NiSource expect to close the transaction by the end of the third quarter of this year.