CALGARY – Enbridge has announced it has closed the acquisition of Iowa-based Questar Gas Company and related companies from Dominion Energy, Inc.
The Questar Gas utility will be doing business in Utah as Enbridge Gas Utah, in Wyoming as Enbridge Gas Wyoming, and in Idaho as Enbridge Gas Idaho, a release said. Questar will join Enbridge’s Gas Distribution and Storage Business Unit.
“We are excited to welcome another strong gas utility to Enbridge. Questar Gas and Wexpro enhance the scale and breadth of our existing low risk utility business model and support our long-term dividend growth profile by providing stable, predictable cash flows,” said Enbridge gas distribution and storage executive vice-president and president Michele Harradence in a statement.
Questar Gas is a multi-state utility that distributes natural gas in Utah, southwestern Wyoming, and southeastern Idaho and serves approximately 1.2 million customers, the release said. Questar Gas Company has a cost-of-service supply agreement with Wexpro. Questar Gas’s asset portfolio includes over 21,000 miles (over 33,500 kilometres) of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility and interconnections to multiple interstate natural gas pipelines.
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