EQT Corp receives final regulatory approval for gas utility sale

Thursday, 5 Dec 2013 11:16am EST 

EQT Corp:Says that, with the receipt of approval from the Federal Energy Regulatory Commission, it has now received all required regulatory approvals related to the transfer of its natural gas distribution business, Equitable Gas Company, LLC, to Peoples Natural Gas.Says the transaction includes $720 million in cash proceeds to EQT, subject to certain purchase price adjustments, along with select midstream assets and commercial arrangements.Says closing is expected later this month. 

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