DOMINION ENERGY, INC (D): M&A transaction — Dominion Energy closes $6.6B sale of Questar (East Ohio Gas) to Enbridge

DOMINION ENERGY, INC

Total consideration of $6.6B: $4.3B cash plus assumption of $2.3B long-term debt.
Sale includes regulated gas operations serving ~1.2M residential customers in Ohio.
Transaction closed March 6, 2024, as previously announced on September 5, 2023.
Pro forma financials not required; business already reported as discontinued operations.
Deal reduces Dominion's natural gas footprint and debt load.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

DOMINION ENERGY, INC completed a disposition involving Enbridge Elephant Holdings, LLC for approximately $4.3 billion in cash, subject to post-closing adjustments, and the assumption by Purchaser of approximately $2.3 billion of related long-term debt (closed 2024-03-06).

Action: disposition
Counterparty: Enbridge Elephant Holdings, LLC
Consideration: approximately $4.3 billion in cash, subject to post-closing adjustments, and the assumption by Purchaser of approximately $2.3 billion of related long-term debt
Closing: 2024-03-06

Exact text from the filing

in and to all of the issued and outstanding shares of capital stock in the Company. At the closing of the Transaction, Purchaser provided total consideration of approximately $4.3 billion in cash, subject to post-closing adjustments, and the assumption by Purchaser of approximately $2.3 billion of related long-term debt, totaling a value of $6.6 billion for the

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Source: SEC EDGAR

accession 0001193125-24-061495

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