Enbridge Inc, the Canadian-based pipeline and energy company, has agreed to acquire three natural gas businesses from US utility and renewables-focused Dominion Energy in transactions valued at US$14 billion (C$19Bln) to create the largest North American gas utility franchise.
Dominion Energy, the US utility and former operator of the Cove Point LNG export plant in Maryland, has signed a definitive agreement to sell Questar Pipelines to Southwest Gas Holdings in a transaction valued at $1.97 billion after a previous sale to Warren Buffet’s Berkshire Hathaway Energy was cancelled.
Dominion Energy, the power and natural gas operator and owner of the Cove Point LNG plant in Maryland, has made changes in responsibilities to build a senior leadership team under Thomas F. Farrell, Chairman, President and Chief Executive.