Enbridge in US$14bn deal to acquire three US gas utilities
Transaction will create North America's largest natural gas utility business.
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Transaction will create North America's largest natural gas utility business.
Canadian pipeline operator Enbridge Inc. announced Tuesday that it plans to acquire three gas distribution companies from Dominion Energy.
If Jay Branch and his friends had hung up their sneakers after one bragging rights basketball game a decade ago, they would never have introduced the magic that the Crew Love Basketball Tournament has come to symbolize for the city’s late summer hoops scene set in Dorchester, nor would they have found the lightning in a bottle that has marked the legendary neighborhood vs.
Dominion Energy agreed to sell its 50% stake in the Cove Point liquefied natural gas facility in Maryland's Chesapeake Bay to a unit of Warren Buffett's Berkshire Hathaway for $3.3 billion in cash, the companies said on Monday.
Berkshire Hathaway Energy already operates the facility, and would upon closing have a 75% ownership stake. A unit of Brookfield Infrastructure Partners (BIP.N) owns the remaining 25%.