Sale of 3rd & Final LDC from Dominion to Enbridge Now Complete

In September 2023, Dominion Energy and Enbridge co-announced that Dominion had agreed to sell the company’s remaining natural gas local distribution companies (LDCs) that Dominion owns to Enbridge for $14.0 billion, which includes $9.4 billion in cash plus the assumption of debt (see Dominion Energy Loses Mind – Sells Remaining LDC NatGas Businesses). The deal includes three LDCs (local utility companies)—The East Ohio Gas Company, Public Service Company of North Carolina, and Questar Gas Company (along with Wexpro Company). The first of the three deals, the East Ohio Gas Company, officially changed hands in March of this year (see Sale of East Ohio Gas Co. from Dominion to Enbridge Now Complete). The second deal, Questar Gas (serving customers in the western U.S.), closed in June of this year (see Enbridge Completes Acquisition of Questar Gas Company). The third and final LDC deal, Public Service Company of North Carolina (PSNC), closed yesterday.

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