WTRG - HOPE GAS CLOSES ACQUISITION OF PEOPLES GAS WV AND WELCOMES 13000 NEW CUSTOMERS | Benzinga
Morgantown, WV, Oct. 02, 2023 (GLOBE NEWSWIRE) -- MORGANTOWN, WV. (October 2, 2023) – Hope Gas today announced that it closed the acquisition of Peoples Gas WV with Essential Utilities (NYSE:WTRG). The acquisition of Peoples Gas WV adds 13,000 new customers and grows the company's customer base by approximately 10%.
"I welcome our new customers and employees to Hope Gas," said Morgan O'Brien, CEO of Hope Gas. "This acquisition continues Hope's growth and our investment in building the future of West Virginia. West Virginia's rich energy supply and distribution system is a benefit to economic development. It is a key piece in attracting other businesses to this beautiful state."
Founded in 1898, Hope Gas is already one of the largest local natural gas distribution companies in West Virginia. The Hope Gas vision is to be a leader in the energy industry in the Mountain State and to empower and improve communities through the safe delivery of local, abundant, and reliable energy. Hope Gas now serves approximately 125,000 homes and businesses. It owns and operates over 6900 miles of natural gas pipelines throughout the state.
Hope Gas and Peoples are working together to ...