Energy

Enbridge finalizes $14B Dominion Energy acquisitions

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Enbridge (NYSE:ENB) has completed a series of acquisitions from Dominion Energy.

The transactions, finalized on September 30, 2024, include the acquisition of Dominion Energy Questar Corporation, Questar Gas Company, and the Public Service Company of North Carolina.

The total value of these deals exceeds US$14 billion.

Enbridge paid approximately US$6.6 billion for Dominion Energy Questar Corporation, US$4.3 billion for Questar Gas Company, and US$3.2 billion for the Public Service Company of North Carolina.

Each acquisition comes with a transition services agreement to facilitate a seamless handover.

Following the acquisitions, the acquired companies have been rebranded to Enbridge Gas Ohio, Enbridge Gas Utah, Enbridge Gas Wyoming, Enbridge Gas Idaho, and Enbridge Gas North Carolina, respectively.

 

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