Saint Louis Company Buys Alagasco
A Saint Louis company is buying the largest natural gas company in Alabama.
The Laclede group says that it is paying one point six billion dollars for alagasco, which is currently owned by Energen.
The comapnies expect to complete the deal this year.
The new owners say one of the reasons they are buying Alagasco is because of the "progressive and highly rated regulatory environment" in alabama.
The company has some 422,000 customers.