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Tentative Approval for Energy East Deal
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Business New Haven
1/24/2000
By: Kristine Hansen
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NEW BRITAIN - On January 5 the state's Department of Public Utility Control (DPUC) issued tentative approval for the acquisition of CTG Resources Inc. (NYSE: CTG) by Energy East Corp. (NYSE: NEG). A final decision from the DPUC was expected by mid-January. The $354.6 million deal is still awaiting federal approval.
In a separate announcement, Energy East directors declared a 22 cent-per-share quarterly cash dividend payable on February 15 for shareholders of record on January 18.
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