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Enbridge completed the acquisition of EOG, Questar Gas and PSNC from Dominion Energy for $14bn.

Synopsis

Enbridge, a multinational pipeline and energy company, completed the acquisition of East Ohio Gas, Questar Gas and Public Service Co. of North Carolina, three natural gas distribution companies, from Dominion Energy, a power and energy company, for $14bn. "The addition of a strong Ohio-based gas utility company is a great strategic fit for Enbridge. It further diversifies our business and enhances the stable cash flow profile of our assets. With this acquisition, Enbridge has all four of its business units represented in Ohio, providing further value-add opportunities. We welcome EOG and its employees into the Enbridge family of companies and look forward to building long-term productive relationships with all stakeholders in Ohio and continuing to offer Ohio customers the same safe, reliable service they are accustomed to," Michele Harradence, Enbridge Executive Vice President and President. Enbridge, a multinational pipeline and energy company, completed the acquisition of East Ohio Gas, a natural gas distribution company, from Dominion Energy, a power and energy company, for $6.6bn. Enbridge, a multinational pipeline and energy company, completed the acquisition of Questar Gas Company, an integrated natural gas company, from Dominion Energy, a power and energy company, for $4.2bn.

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