Dominion closes sale of Ohio natural gas distribution company to Enbridge

Dominion (D) closed the sale of its Ohio natural gas utility – The East Ohio Gas Company – to Enbridge (ENB) for approximately $6.6B, including assumed indebtedness and adjusted for customary closing items. The East Ohio Gas Company is a Cleveland-based gas utility employing about 1,500 people and serving 1.2 million Ohio homes and businesses. Dominion and Enbridge expect to close on the sales of Dominion Energy’s gas distribution companies headquartered in Salt Lake City, Utah, and Gastonia, N.C., in separate transactions later this year. The transaction received all customary regulatory approvals.