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PUC OKs sale of Dominion Peoples PITTSBURGH - The Pennsylvania Public Utility Commission has unanimously approved the sale of Dominion Peoples, Pittsburgh's largest natural gas utility, to a San Francisco-based investors group subsidiary. Richmond, Va.-based Dominion Resources Inc. agreed last year to sell Dominion Peoples and its sister utility, Dominion Hope in West Virginia, to Peoples Hope Gas Companies, a subsidiary of SteelRiver Infrastructure Partners, for $910 million.
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Shareholders OK DirecTV spinoff, but sale uncertain
Associated Press Shareholders approved the formation of a new company out of DirecTV Group Inc. and some of Liberty Media Corp.'s entertainment businesses, as the chairman of both firms dampened speculation about a sale to a big phone company. Media mogul John Malone told the Associated Press that he could see the new DirecTV, the nation's largest satellite TV provider, collaborating more closely with phone companies to offer Internet and phone services that compete with cable TV operators. But he was vague on whether or not he would seek a sale.
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