Dominion Energy has completed the sale of its US natural gas utility Questar Gas and its associated company Wexpro to Enbridge for approximately $4.3bn.
The deal consideration includes the assumption of debt and customary closing adjustments.
The transaction was signed in September 2023. It forms part of a $14bn agreement signed between Enbridge and Dominion involving two other natural gas distribution companies.
Questar Gas’ infrastructure includes more than 33,500km of natural gas distribution and transmission pipelines, and a liquefied natural gas (LNG) storage facility to enhance system reliability.
Wexpro supplies natural gas to Questar Gas under a cost-of-service agreement.
Enbridge said that Questar Gas will operate in Utah under the name Enbridge Gas Utah, in Idaho as Enbridge Gas Idaho and in Wyoming as Enbridge Gas Wyoming.
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Enbridge gas distribution and storage executive vice-president and president Michele Harradence said: “We are excited to welcome another strong gas utility to Enbridge. Questar Gas and Wexpro enhance the scale and breadth of our existing low-risk utility business model and support our long-term dividend growth profile by providing stable, predictable cash flows.
“We welcome Questar Gas and Wexpro employees into the Enbridge family of companies and look forward to building long-term productive relationships with all of their stakeholders in Utah, Wyoming and Idaho.”