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Pending Acquisition to Build EPCOR’s Natural Gas Business

Edmonton: EPCOR Utilities Inc. (EPCOR) today announced that it is anticipating an early October 2017 completion of the previously announced transaction to acquire Natural Resource Gas Limited’s (NRG) natural gas distribution assets.  This announcement comes following the Ontario Energy Board’s August 3, 2017 decision and order granting NRG approval to sell its natural gas distribution system to EPCOR. EPCOR is acquiring the assets through a wholly owned subsidiary.

“We’re looking forward to serving over 8,700 residential, commercial and industrial customers and being part of the community in Ontario’s Elgin, Middlesex, Oxford and Norfolk counties,” said Stephen Stanley, Senior Vice-President of EPCOR Commercial Services. NRG has provided more than 40 years of uninterrupted service to its loyal customers. “The EPCOR and NRG teams are committed to making this transition as seamless as possible for customers.” 

EPCOR will be reaching out to customers within the next few weeks to provide further details on the transition. 

All current NRG employees who provide this community’s natural gas service today will be joining the EPCOR team.

This transaction comes after EPCOR’s June announcement of the acquisition of Hughes Gas Resources based in Pinehurst, Texas which provides natural gas utility service to approximately 4,300 connections and wholesale natural gas transmission service to local distribution utilities. 

The acquisition demonstrates EPCOR’s commitment to bringing clean and cost-effective natural gas service to a new customer base and to continue to grow its business core.

Completion of the acquisition remains subject to the satisfaction of other customary closing conditions.

About EPCOR Utilities Inc.

EPCOR, through its subsidiaries, builds, owns and operates electrical and natural gas transmission and distribution networks, water and wastewater treatment facilities and infrastructure in Canada and the United States. The company also provides electricity, natural gas and water products and services to residential and commercial customers. EPCOR, headquartered in Edmonton, Alberta, is an Alberta Top 70 employer. EPCOR’s website address is www.epcor.com.

About Natural Resource Gas Limited
NRG is an Ontario corporation with its head office in Aylmer, Ontario. NRG carries on the business of selling and distributing natural gas to over 8000 customer throughout Elgin, Middlesex, Oxford and Norfolk Counties in southwestern Ontario. NRG's website is www.nrgas.ca.

For more information, please contact:

Tim le Riche
Specialist, Corporate Communications
Phone: (780) 969-8238
Cell: (780) 721-2013
Email: tleriche@epcor.com