Enbridge Bets Big on US Gas With $9.4 Billion Dominion Deal
- Transaction is latest to result from Dominion strategic review
- Enbridge plans $2.9 billion share sale to finance the deal
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Canadian pipeline operator Enbridge Inc. agreed to buy three utilities from Dominion Energy Inc. in a $9.4 billion deal to create North America’s largest natural gas provider.
The acquisition of the East Ohio Gas Co., Questar Gas Co. and Public Service Co. of North Carolina will double the Calgary-based company’s gas utility business, Enbridge said in a statement Tuesday.