---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-098325"
form_type: "8-K"
ticker: "ENB"
cik: "0000895728"
company_name: "ENBRIDGE INC"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:18:36.535183+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Enbridge to acquire three Dominion Energy gas utilities for $14B, creating largest NA gas utility

## Summary
- Aggregate purchase price US$14.0B (CDN$19B): US$9.4B cash plus US$4.6B assumed debt.
- Acquires EOG (Ohio), Questar (Utah/Wyoming/Idaho) and PSNC (North Carolina) – ~7M customers.
- Deal at ~1.3x EV/rate base (2024E) and ~16.5x P/E (2023E); expected accretive to DCFPS and EPS in first full year.
- Enbridge concurrently launches a bought-deal equity offering to help fund the cash portion; $9.4B bridge facility committed.
- Closings expected in 2024 subject to regulatory approvals; Enbridge maintains 2023 guidance and 4.5-5.0x leverage target.

## SEC filing metadata
- accession: 0001104659-23-098325
- form_type: 8-K
- ticker: ENB
- cik: 0000895728
- company_name: ENBRIDGE INC
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895728/000110465923098325/0001104659-23-098325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895728/000110465923098325/tm2325426d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-098325
- JSON: https://secwatch.observer/filing/0001104659-23-098325.json
- Plain text: https://secwatch.observer/filing/0001104659-23-098325.txt

## Key facts
- Material Agreements
  ENBRIDGE INC entered into EOG Purchase and Sale Agreement with Dominion Energy, Inc. valued at US$6.6 billion (effective 2023-09-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Dominion Energy, Inc.
  - Value: US$6.6 billion
  - Effective: 2023-09-05
  source text: On September 5, 2023, subsidiaries of Enbridge Inc., a Canadian corporation (“Enbridge”), entered into three separate purchase and sale agreements with Dominion Energy, Inc., a Virginia corporation (“Dominion”), to acquire all of the outstanding equity interests in (i) Dominion Energy Questar Corporation, Dominion Energy Gas Distribution, LLC, The East Ohio Gas Company and DEO Alternative Fuel, LLC (collectively, “EOG”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/895728/000110465923098325/0001104659-23-098325-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.