![]() In order to generate extra value from the transaction, either the seller is distressed/forced (not this case), buyer has superior access to capital (does not seem to be the case right now, esp. I would better accept it if it looks highly accretive but it is probably not - it looks just as a diversifier. Assets look reasonable quality, but if I wanted to increase my exposure to NG regulated utilities, I would otherwise - but chose not to. Woodfibre LNG nearly finalizes all offtake agreements, Enbridge CEO Head I find it quite mixed (from ENB shareholder viewpoint).appeals court nixes FERC approval of Southeastern SEEM market Dominion Energy to buy power from RWE solar farms in Virginia.Dominion Energy Q2 earnings on deck, what to expect.Enbridge Non-GAAP EPS of C$0.68 reaffirms FY23 outlook.Enbridge rising as Q2 profit surges will relocate Line 5 in Minnesota.Dominion Energy guides Q3 EPS below consensus, says Virginia wind project on track.Dominion Energy breaks ground on huge solar farm at D.C.'s Dulles Airport.Enbridge: Q2 Results Give Us Much Of The Same, But That Is Not A Bad Thing.Dominion Energy: Fairly Valued After Losing Its Valuation Premium. ![]() Enbridge Is A Core Retirement Portfolio Holding.Enbridge: Load The Wagon For A Reliable Dividend.Enbridge: I Am Buying At 52-Week Lows Yielding Over 7.5%.Enbridge: High Rates Are Squeezing The Stock (Rating Downgrade).Better High Yield Buy: Enbridge Stock Or Hess Midstream Stock.Enbridge is currently the only major pipeline and midstream company that owns a regulated gas utility and we've further strengthened that position today by doubling the size of our GDS (gas distribution and storage) business," Patrick Murray, CFO of Enbridge, said in a statement. "Acquiring these natural gas utilities makes strong strategic and financial sense. The acquired companies are East Ohio Gas, Questar Gas and Public Service Company of North Carolina. The terms include $9.4 billion of cash and $4.6 billion of assumed debt, Enbridge ( ENB ) said in a statement.Įnbridge’s stock ( ENB) fell 7% in extended trading.Įnbridge ( ENB) expects the deals to close next year, expanding the company’s gas utilities in Ohio, North Carolina, Utah, Idaho and Wyoming. The agreements will create the biggest natural-gas utility in North America. Enbridge ( NYSE: ENB) on Tuesday said it reached three deals with Dominion Energy ( NYSE: D) to buy several natural-gas utilities for a combined value of $14 billion.
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