PEARL RIVER – Orange and
Rockland Utilities, based in Pearl River and Corning National Gas Holding
Corp. Wednesday announced that Corning is going to purchase O&R’s
Pennsylvania electric and gas utility subsidiary, Pike County Light and
Power Co. for $16 million.
PCL&G provides electric service to approximately 4,600 customers in
the towns of Westfall, Milford and the northern part of Dingsman and in
the boroughs of Milford and Matamoras.
PCL&P provides natural gas service to 1,200 customers in Westfall
Township and the Borough of Matamoras.
O&R President Tim Cawley said they have found “strong market
interest in PCL&P from a number of good companies. One company stood
out among the others in terms of resources, customer focus and emphasis
on service reliability – that’s what brought us to today.”
The companies expect to close on the sale in mid-2016