DOMINION ENERGY, INC (D): M&A transaction — Dominion Energy completes sale of Questar Gas to Enbridge for $3.0B cash + debt assumption

DOMINION ENERGY, INC

Closed May 31, 2024; Enbridge paid ~$3.0B cash and assumed ~$1.3B debt.
Questar Gas distributes natural gas in Utah, Wyoming, Idaho; Wexpro also included.
Credit agreement amended to remove Questar Gas as a borrower, effective upon sale.
Pro forma financials not required; Questar Gas already reported as discontinued operations.

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 Quail Holdings, LLC for approximately $3.0 billion in cash and assumed approximately $1.3 billion of indebtedness (closed 2024-05-31).

Action: disposition
Counterparty: Enbridge Quail Holdings, LLC
Consideration: approximately $3.0 billion in cash and assumed approximately $1.3 billion of indebtedness
Closing: 2024-05-31

Exact text from the filing

the terms of the purchase and sale agreement, dated as of September 5, 2023, by and between Dominion Energy and Enbridge. At closing, Enbridge paid Dominion Energy approximately $3.0 billion in cash and assumed approximately $1.3 billion of indebtedness. Questar Gas is a public utility that distributes natural gas in Utah, southwestern Wyoming and southeastern Idaho.

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Source: SEC EDGAR

accession 0001193125-24-153033

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