Dominion completes sale of Public Service Company of NC to Enbridge

Dominion Energy (D) announced closure of the sale of its Gastonia, N.C.-based natural gas utility, Public Service Company of North Carolina, NC, to Enbridge Inc. (ENB) for approximately $3.2 billion, including assumed indebtedness and adjusted for customary closing items. This is the last of three separate transactions as part of an agreement the company and Enbridge announced on Sept. 5, 2023, whereby Dominion Energy would sell its Ohio-, Utah-, and North Carolina-based gas utilities for a total enterprise value, inclusive of assumed debt, of approximately $14 billion. Previous transactions closed in March and May.