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Brooklyn Union Gas Co. and Long Island Lighting Co. (LILCO) have agreed to a merger that will create a $4 billion electric and gas company serving parts of New York City and Long Island.
The merged company, which has not been named, will serve approximately 2.2 million customers, with anticipated revenues of more than $4.5 billion. Brooklyn Union is a gas company with primary operations in gas distribution serving Brooklyn, Queens and Staten Island, N.Y. LILCO is an electric and gas company serving Nassau and Suffolk counties and part of Queens.