UIL Purchases $20 Million LNG Facility in Milford

Aug 6th, 2014 | By | Category: Business

UIL Holdings Corporation announced the purchase of a 14.6 million gallon liquefied natural gas (LNG) storage facility and related assets in Milford, Connecticut from subsidiaries of Iberdrola USA, Inc. for approximately $20 million.

UIL purchased the assets through its subsidiary on July 31, 2014. The Milford facility is operated by The Southern Connecticut Gas Company, which UIL acquired from Iberdrola in 2010 as part of a larger deal that also included Connecticut Natural Gas Corporation and The Berkshire Gas Company.

For more on this story, visit: UIL Holdings Corporation: UIL Purchases $20 Million LNG Facility.

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