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ARTICLE · 17 AUGUST 2017

OEB Approves Acquisition Of Natural Gas Distribution System By EPCOR

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On August 3, 2017, the Ontario Energy Board issued its Decision and Order with respect to an application by Natural Resource Gas Limited (NRG) for approval to sell its natural gas distribution...

CanadaEnergy and Natural Resources
Fred Cass
Fred Cass
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On August 3, 2017, the Ontario Energy Board issued its Decision and Order with respect to an application by Natural Resource Gas Limited (NRG) for approval to sell its natural gas distribution system to EPCOR Natural Gas Limited Partnership (EPCOR), a wholly-owned, indirect subsidiary of EPCOR Utilities Inc.

NRG is a privately-owned utility that sells and distributes natural gas in southwestern Ontario and has over 8,000 customers. It entered into an Asset Purchase Agreement with EPCOR in which it agreed to sell its natural gas distribution system as an entirety for $21 million (exclusive of taxes and subject to adjustments). NRG sought approval of this transaction by the OEB under section 43(1)(a) of the Ontario Energy Board Act, 1998 and it sought other relief, including approval to transfer franchise agreements and rate orders to EPCOR.

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