Enbridge Completes Acquisition of Dominion Energy’s The East Ohio Gas Company
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Enbridge has closed on its acquisition of The East Ohio Gas Company (EOG) from Dominion Energy. The gas utility will be doing business as Enbridge Gas Ohio and will join Enbridge’s Gas Distribution and Storage Business Unit.
EOG is a premier single-state utility, serving more than 1.2 million customers across more than 400 communities in Ohio, with key locations in major metropolitan areas. The gas utility has a robust portfolio of assets, including more than 22,000 miles of transmission, gathering and distribution pipelines, underground storage, and interconnections to multiple interstate pipelines and large natural gas producers.
“The addition of a strong Ohio-based gas utility company is a great strategic fit for Enbridge. It further diversifies our business and enhances the stable cash flow profile of our assets,” said Michele Harradence, Enbridge executive vice president and president, Gas Distribution and Storage.
“Natural gas utilities have long useful lives and are ‘must-have’ infrastructure for providing safe, reliable, and affordable energy. With this acquisition, Enbridge has all four of its business units represented in Ohio, providing further value-add opportunities,” added Harradence.
“We welcome EOG and its employees into the Enbridge family of companies and look forward to building long-term productive relationships with all stakeholders in Ohio and continuing to offer Ohio customers the same safe, reliable service they are accustomed to,” concluded Harradence.
The closings of the purchases of Questar Gas Company and its related Wexpro companies, and the Public Service Company of North Carolina (PSNC), are expected to occur following the receipt of required regulatory approvals applicable to each gas utility and are not cross-conditioned. The acquisitions of Questar and PSNC are on track to close in 2024.
Enbridge safely connects millions of people to the energy they rely on every day, fueling quality of life through its North American natural gas, oil, and renewable power networks and their growing European offshore wind portfolio. They are investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. They are advancing new technologies, including hydrogen, renewable natural gas, carbon capture, and storage, and are committed to achieving net zero greenhouse gas emissions by 2050.
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