Enbridge completes acquisition of Questar Gas Company

Enbridge completes acquisition of Questar Gas Company

Enbridge Inc. announced the completion of its acquisition of Questar Gas Company and its related Wexpro companies from Dominion Energy, Inc. Questar Gas will now operate under the names Enbridge Gas Utah, Enbridge Gas Wyoming, and Enbridge Gas Idaho, depending on the state. These entities will be integrated into Enbridge’s Gas Distribution and Storage Business Unit.

Questar Gas is a leading multi-state utility distributing natural gas across Utah, southwestern Wyoming, and southeastern Idaho, serving approximately 1.2 million customers. The utility operates in regions with rapidly growing economies and populations. Questar Gas’s assets include over 21,000 miles (33,500 km) of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility, and connections to multiple interstate natural gas pipelines. Its cost-of-service supply agreement with Wexpro ensures reliability and affordability for its customers.

Michele Harradence, Enbridge executive vice president and president of gas distribution and storage, expressed enthusiasm for the acquisition, stating, “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 and look forward to building long-term productive relationships with all of their stakeholders in Utah, Wyoming, and Idaho.”

The acquisition of the Public Service Company of North Carolina, Inc. is pending regulatory approval and is expected to close in 2024. The combined contributions from Questar and the previously acquired East Ohio Gas Company (now Enbridge Gas Ohio) are anticipated to account for approximately 80 percent of the total annualised EBITDA from the three gas utilities Enbridge has agreed to acquire from Dominion.

For more information visit www.enbridge.com

11 June 2024