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Enbridge completes acquisition of Questar Gas Company

Enbridge Inc. completed the acquisition of Questar Gas Company, extending its influence in the Utah, Wyoming and Idaho gas sectors.
Acquisition stratégique d'Enbridge

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North American energy giant Enbridge Inc. recently completed the acquisition of Questar Gas Company and its Wexpro affiliates from Dominion Energy, Inc. Questar Gas, now part of Enbridge’s gas distribution and storage unit, will continue to operate under the names Enbridge Gas Utah, Enbridge Gas Wyoming and Enbridge Gas Idaho.

Context and challenges of the acquisition

Questar Gas is a multi-state company that distributes natural gas to around 1.2 million customers in regions with strong economic and demographic growth. Its portfolio of assets includes over 33,500 km of natural gas distribution and transmission pipelines, as well as a liquefied natural gas storage facility, ensuring system reliability. Wexpro’s cost-based supply model ensures stability and accessibility for customers.

Financial and strategic impact

This acquisition reinforces Enbridge’s low-risk business model and supports its long-term dividend growth through stable and predictable cash flows. Michele Harradence, Executive Vice President and President of Gas Distribution and Storage at Enbridge, expressed her excitement at the prospect of integrating Questar Gas and Wexpro employees into the Enbridge family, and developing productive relationships with local stakeholders.

Growth prospects

Enbridge also plans to finalize the acquisition of Public Service Company of North Carolina, Incorporated (PSNC) once the necessary regulatory approvals have been obtained. The combined contribution of Questar, together with the previous acquisition of The East Ohio Gas Company (now Enbridge Gas Ohio), is expected to account for around 80% of total annualized EBITDA from the three gas businesses acquired from Dominion.

A future strategy focused on sustainability

Enbridge is committed to connecting millions of people to energy safely and reliably, while investing in modern energy delivery infrastructure. With over a century’s experience in conventional energy infrastructure and two decades in renewable energies, the company continues to explore new technologies such as hydrogen, renewable natural gas and carbon capture and storage. With the goal of carbon neutrality by 2050, Enbridge demonstrates its commitment to a sustainable energy future.
With this acquisition, Enbridge not only strengthens its presence in the western United States, but also its ability to provide stable and reliable energy services in a fast-growing region. This targeted growth strategy ensures both greater financial strength and a significant contribution to energy sustainability.

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