---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-228542"
form_type: "8-K"
ticker: "D"
cik: "0000715957"
company_name: "DOMINION ENERGY, INC"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:16:40.336584+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Dominion Energy sells three gas LDCs to Enbridge for $14B; proceeds to reduce debt

## Summary
- Total transaction value $14B: $9.4B cash + $4.6B debt assumption; all sales expected by end of 2024.
- After-tax proceeds ~$8.7B to retire parent debt; FFO/debt improves ~3.4%.
- East Ohio Gas: $6.6B ($4.3B cash); PSNC: $3.1B ($2.2B cash); Questar Gas/Wexpro: $4.3B ($3.0B cash).
- Closings subject to HSR, CFIUS, FCC, and state utility approvals; not cross-conditioned.
- Company continues business review; investor event planned in Q4 2023 for repositioned outlook.

## SEC filing metadata
- accession: 0001193125-23-228542
- form_type: 8-K
- ticker: D
- cik: 0000715957
- company_name: DOMINION ENERGY, INC
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/715957/000119312523228542/0001193125-23-228542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/715957/000119312523228542/d437307d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-228542
- JSON: https://secwatch.observer/filing/0001193125-23-228542.json
- Plain text: https://secwatch.observer/filing/0001193125-23-228542.txt

## Key facts
- Material Agreements
  DOMINION ENERGY, INC entered into PSNC Purchase Agreement with Enbridge Parrot Holdings, LLC valued at approximately $3.1 billion (effective 2023-09-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Enbridge Parrot Holdings, LLC
  - Value: approximately $3.1 billion
  - Effective: 2023-09-05
  source text: Dominion Energy has agreed to sell PSNC under the terms of a Purchase and Sale Agreement (the “PSNC Purchase Agreement”) with Enbridge Parrot Holdings, LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/715957/000119312523228542/0001193125-23-228542-index.htm
- Material Agreements
  DOMINION ENERGY, INC entered into Questar Gas Purchase Agreement with Enbridge Quail Holdings, LLC valued at approximately $4.3 billion (effective 2023-09-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Enbridge Quail Holdings, LLC
  - Value: approximately $4.3 billion
  - Effective: 2023-09-05
  source text: Dominion Energy has agreed to sell Questar Gas along with Wexpro under the terms of a Purchase and Sale Agreement (the “Questar Gas Purchase Agreement”) with Enbridge Quail Holdings, LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/715957/000119312523228542/0001193125-23-228542-index.htm
- Material Agreements
  DOMINION ENERGY, INC entered into East Ohio Gas Purchase Agreement with Enbridge Elephant Holdings, LLC valued at approximately $6.6 billion (effective 2023-09-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Enbridge Elephant Holdings, LLC
  - Value: approximately $6.6 billion
  - Effective: 2023-09-05
  source text: Dominion Energy has agreed to sell East Ohio Gas under the terms of a Purchase and Sale Agreement (the “East Ohio Gas Purchase Agreement”) with Enbridge Elephant Holdings, LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/715957/000119312523228542/0001193125-23-228542-index.htm
- Material Agreements
  DOMINION ENERGY, INC entered into Purchase Agreement with wholly-owned subsidiaries of Enbridge Inc. valued at $14.0 billion (effective 2023-09-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: wholly-owned subsidiaries of Enbridge Inc.
  - Value: $14.0 billion
  - Effective: 2023-09-05
  source text: On September 5, 2023 (the “Effective Date”), Dominion Energy, Inc. (“Dominion Energy”) entered into three separate definitive purchase and sale agreements (each a “Purchase Agreement” and collectively the “Purchase Agreements”) with wholly-owned subsidiaries of Enbridge Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/715957/000119312523228542/0001193125-23-228542-index.htm

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