Dominion closes sale of Utah gas utility for $4.3B

Richmond-based Fortune 500 utility Dominion Energy has closed on its $4.3 billion sale of subsidiaries Questar Gas and Wexpro to Canadian pipeline and energy company Enbridge, Dominion announced Monday.

Salt Lake City, Utah-based natural gas utility Questar serves more than 1.2 million customers in Utah, Wyoming and Idaho. Wexpro supplies natural gas under a cost-of-service agreement to Questar.

The deal was first announced Sept. 5, 2023. This is the second of three deals announced at that time to be finalized so far

Earlier this year, Dominion and Enbridge closed on the $6.6 billion sale of East Ohio Gas to Enbridge. That deal was announced at the same as as the Questar sale. The third component of the announcement, the sale of Public Service Co. of Gastonia, North Carolina, to Enbridge, is expected to close later this year.

In announcing the three sales, Dominion Chair, President and CEO Bob Blue said that the transactions provide Dominion, which is developing a 2.6-gigawatt, $9.8 billion wind farm 27 miles off the Virginia Beach coast and a massive solar project at Washington Dulles International Airport in Northern Virginia, with a “significant step” in its business review, “which is focused on repositioning the company to create maximum long-term value for shareholders, employees, customers and other stakeholders,” in addition to strengthening the company’s credit position.