How $1.86B PGW sale could make Philly 'Silicon Valley of energy' [Forbes] - Technical.ly Philly

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Mar. 4, 2014 7:30 am

How $1.86B PGW sale could make Philly ‘Silicon Valley of energy’ [Forbes]

Photo by Flickr user @wavingatyou, used under a Creative Commons license.

The City of Philadelphia¬†announced yesterday a deal to sell Philadelphia Gas Works to Connecticut-based energy company UIL Holdings Corp. for $1.86 billion.¬†That sale, which still needs to be approved by City Council and the Pennsylvania Public Utility Commission, could make Philly the “Silicon Valley of energy,” according to one Forbes contributor.

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