Announced
Completed
Financials
Tags
Completed
gas transmission
United States
Acquisition
Majority
Friendly
Private
Single Bidder
Pipelines
Domestic
Synopsis
Berkshire Hathaway Energy, a holding company which comprises regulated energy businesses that generate, transmit, store, distribute, and supply electricity and natural gas, completed the acquisition of Gas Transmission & Storage assets of Dominion Energy, an American power and energy company, for $9.7bn. "This narrowing of focus will also allow us to increase our long-term earnings growth rate guidance by around 30%. Our rebased dividend policy better reflects our revised operating and financial strengths, aligns with our best-in-class industry peers and allows us to grow our dividend much more rapidly than before," Thomas F. Farrell, II, Dominion Energy Chairman, President, and CEO. On October 5, 2020, the companies entered into a second agreement providing for Berkshire Hathaway Energy’s purchase of Questar Pipeline Group, a natural gas pipeline provider. On July 12, 2021, the companies announced the termination of the Questar deal citing uncertainty associated with achieving clearance from the FTC.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.