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Philadelphia tries to decide what to do with PGW

The city of Philadelphia has been wrestling with a decision over what to do with city owned utility Philadelphia Gas Works (PGW).

Mayor Michael Nutter spent two years, and PGW spent more than $2 million, in order to attract a buyer for the utility, reports After attracting a buyer, UIL Holdings Corp. (ticker: UIL) of New Haven, Connecticut, Nutter had hoped to sell PGW for $1.86 billion in a deal that would get Philadelphia out of the energy business and bolster its struggling p...

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