UIL Holdings Corp. has terminated its $1.86 billion offer to buy the Philadelphia Gas Works, ending Mayor Nutter's ambitious two-year effort to privatize the nation's largest municipal gas utility.
Philadelphia Mayor Michael Nutter, (right), walks with James Torgenson, president of UIL Holding Corp, at Philadelphia City Hall on Monday, March 3, 2014. ( ALEJANDRO A. ALVAREZ / STAFF PHOTOGRAPHER )Read more
