Enbridge completes acquisition of Questar Gas Company

Enbridge (ENB) announced the closing of its acquisition of the Questar Gas Company and its related Wexpro companies from Dominion Energy (D). The Questar Gas utility will be doing business in Utah as Enbridge Gas Utah, in Wyoming as Enbridge Gas Wyoming, and in Idaho as Enbridge Gas Idaho. Questar will join Enbridge’s Gas Distribution and Storage Business Unit. The closing of the purchase of the Public Service Company of North Carolina is expected to occur following the receipt of required regulatory approvals for that purchase. The acquisition of PSNC is on track to close in 2024. The combined contributions from Questar and the previously closed acquisition of The East Ohio Gas Company are expected to contribute approximately 80% of the total annualized EBITDA from the three gas utilities Enbridge has agreed to acquire from Dominion.