July 2016, Vol. 243, No. 7

Features

Electric-Gas Buying Trend: Transformational, but with What Implications?

“Now is the right time for this transaction; we see an emergence of technology, consumer behavior, market forces and regulatory changes that over time will change the way customers use energy,” —  Tom Fanning, Southern Co. CEO, August 2015, announcing acquisition of AGL Resources     Since the middle of 2015, the CEOs of major electricity giants such as Duke Energy, Southern Co. and Dominion Resources have all been talking about transformational, strategic and sure-fired growth engines. And that’s just the understated part before they get warmed up. Those engines are in reality natural gas properties, long an anathema to the power side of the energy business, but today the future looks dif

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