Enbridge (ENB) Completes Questar Gas Buyout From Dominion [Yahoo! Finance]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Yahoo! Finance
This strategic move marks a major expansion of Enbridge's Gas Distribution and Storage Business Unit. Expanding Horizons The Questar Gas utility, which will now operate under the names Enbridge Gas Utah, Enbridge Gas Wyoming, and Enbridge Gas Idaho in their respective states, already services approximately 1.2 million customers across Utah, southwestern Wyoming, and southeastern Idaho. These regions are noted for their rapidly growing economies and populations, enhancing the value and potential of the acquisition. Questar Gas' extensive asset portfolio includes more than 21,000 miles (33,500 km) of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility for improved system reliability and numerous interconnections to major interstate natural gas pipelines. The company also benefits from a cost-of-service supply agreement with Wexpro, ensuring reliability and affordability for its customers. Strategic Growth and Stability Michele Harraden
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- ENB's page on the SEC website