Announced
Completed
Financials
Tags
Majority
Oil Equipment and Services
Single Bidder
Friendly
United States
Acquisition
Private
energy storage
Domestic
Completed
Synopsis
Southwest Gas, an energy holding company, completed the acquisition of Questar Pipeline, a FERC-regulated, long-term contracted, transportation and underground storage assets operator, from Dominion Energy, a firm that engages in the provision of electricity and natural gas, for $1.98bn. "We are pleased with the result of our sale process for these high-quality assets. This transaction represents another significant step in our evolution as a company, allowing us to focus even more on fulfilling the energy needs of our utility customers and continuing growth of our clean-energy portfolio, including development of the largest offshore wind farm in North America," Robert M. Blue, Dominion Energy Chair, President & CEO.
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