Texas Commission Approved Utility Merger
AUSTIN, Texas (AP) _ The Texas Public Utility Commission on Wednesday approved Entergy Corp.’s proposed $2.3 billion acquisition of Gulf States Utilities.
Entergy officials said the decision was the last regulatory hurdle to clear to allow the two companies to merge operations within the next two days.
The merger brings together two giant utility companies.
Entergy, headquartered in New Orleans, provides service to 1.7 million customers in Arkansas, Mississippi and Louisiana.
GSU serves approximately 585,000 customers in East Texas and portions of south Louisiana.
Entergy officials say the merger will increase efficiency and will save customers money.