Dominion Closes on Deal to Buy 26% of Iroquois Pipeline

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In August MDN told you that Dominion had cut a deal to purchase 26% of Iroquois Gas Transmission System, which is a 416-mile, FERC-regulated natural gas pipeline running from the Canada-U.S. border near Waddington, NY, through New York and Connecticut to South Commack, NY on Long Island, and to Hunts Point, NY in the Bronx (see Dominion Buys 26% of Iroquois Gas Transmission Pipeline). The $286.5 million deal gives Dominion a bigger seat at the Marcellus/Utica table. Dominion announced that as of Tuesday, the deal closed…

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