Enbridge Announces Strategic Acquisition Of Three U.S. Based Utilities To Create Largest Natural Gas Utility Franchise In North America
Enbridge Announces Strategic Acquisition Of Three U.S. Based Utilities To Create Largest Natural Gas Utility Franchise In North America
09/05/23, 8:13 PM
Location
calgary
Enbridge Inc. ("Enbridge" or the "Company") (TSX: ENB) (NYSE: ENB) today announced that it has entered into three separate definitive agreements with Dominion Energy, Inc. to acquire EOG, Questar and PSNC for an aggregate purchase price of US$14.0 billion (CDN$19 billion), comprised of $US9.4 billion of cash consideration and US$4.6 billion of assumed debt, subject to customary closing adjustments.
Company Info
Location
Calgary, Alberta, Canada
Company info
Our name spells out our mission: a bridge to a cleaner energy future.
That bridge safely connects millions of people around the world to the energy they rely on every day, fueling quality of life. Throughout our history, and especially today, we are looking beyond the horizon to invest in and build modern infrastructure, resilient communities and reliable energy.
We operate across North America and beyond—powering industry, empowering society and safely delivering reliable, affordable sources of energy through our four core businesses:
- Liquids pipelines
- Natural gas pipelines,
- Gas distribution and storage
- Renewable energy