Benzinga | Oct 5, 2021 04:16PM EDT

Dominion Energy Announces Agreement To Sell Questar Pipelines To Southwest Gas; Transaction Valued At $1.975B

Dominion Energy (NYSE:D) announced today execution of a definitive agreement to sell Questar Pipelines to Southwest Gas Holdings Inc. (NYSE:SWX), in a transaction valued at $1.975 billion, including the assumption of $430 million of existing indebtedness. Questar Pipelines consists of FERC-regulated, long-term contracted, transportation and underground storage assets in Utah, Wyoming and Colorado, together with related services and processing entities. The transaction is expected to close in the fourth quarter of 2021, subject to regulatory approvals.