Utah’s largest gasoline supplier switches house owners as $4.3B deal is finalized

SALT LAKE CITY — Goodbye Dominion, hi there Enbridge.

Dominion Power despatched out emails to prospects Tuesday informing them that pure gasoline distribution in Utah, Idaho and Wyoming has converted to Enbridge, Inc. The emails have been despatched after the 2 firms introduced Monday that they’d finalized their $4.3 billion settlement that sends Questar Gasoline Firm and Wexpro from Dominion to Enbridge.

The transition “needs to be seamless” for the 1.2 million prospects inside the three states, Dominion wrote in its e-mail. The largest change, to this point, is that Enbridge Gasoline Utah will now oversee pure gasoline distribution throughout the Beehive State, whereas Idaho and Wyoming can even have Enbridge branches.

The e-mail added that prospects will probably be “notified effectively prematurely” of any modifications that impression funds or account entry.

“We welcome Questar Gasoline and Wexpro workers into the Enbridge household of firms and sit up for constructing lengthy‑time period productive relationships with all of their stakeholders in Utah, Wyoming and Idaho,” stated Michele Harradence, Enbridge’s govt vp and president of gasoline distribution and storage, in a ready assertion.

Dominion acquired Questar in 2016; nonetheless, it introduced in September that it agreed to promote a big portion of its belongings — together with Questar and Wexpro — to Calgary, Alberta, Canada-based Enbridge in an enormous $14 billion deal.

Enbridge was already a significant pure gasoline service supplier in Ontario and Quebec in Canada. It took over Dominion’s pure gasoline operations in Ohio earlier this yr as a part of the large deal. Officers stated Monday that it expects to take over Dominion’s North Carolina operations later this yr, too.

Questar and Wexpro characteristic 21,000 system miles of pure gasoline pipelines that Enbridge has formally added to its portfolio.

“We’re excited to welcome one other sturdy gasoline utility to Enbridge,” Harradence stated. “Questar Gasoline and Wexpro improve the size and breadth of our current low-risk utility enterprise mannequin and assist our long-term dividend development profile by offering steady, predictable money flows.”