Enbridge adds over 21,000 miles of natural gas distribution, transmission pipelines with Questar Gas Company acquisition
(UI) – Enbridge Inc. has closed on its acquisition of the Questar Gas Company and its related Wexpro companies from Dominion Energy, Inc.
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.
Questar Gas is a premier multi-state utility that distributes natural gas in Utah, southwestern Wyoming, and southeastern Idaho, serving approximately 1.2 million customers in service territories with fast growing economies and populations.
Questar Gas's asset portfolio includes over 21,000 miles (over 33,500 km) of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility that enhances system reliability, and interconnections to multiple interstate natural gas pipelines.
"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," said Michele Harradence, Enbridge Executive Vice President and President, Gas Distribution and Storage. "We welcome Questar Gas and Wexpro employees into the Enbridge family of companies and look forward to building long-term productive relationships with all of their stakeholders in Utah, Wyoming, and Idaho."
The combined contributions from Questar and the previously closed acquisition of The East Ohio Gas Company (now doing business as Enbridge Gas Ohio) are expected to contribute approximately 80% of the total annualized EBITDA from the three gas utilities Enbridge has agreed to acquire from Dominion.
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