Professional M&A intelligence for the energy transition
Berkshire Hathaway Energy completed its $9.7 billion acquisition of Dominion Energy's natural gas transmission and storage business in November 2020. The deal included over 7,700 miles of pipelines and 900 Bcf of storage.
Dominion Energy (NYSE: D) closed the sale of Questar Pipelines to Southwest Gas Holdings in a deal valued at $1.98 billion, including the assumption of $430 million of existing debt. 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.
Enbridge completed its $6.6 billion acquisition of Dominion Energy's East Ohio Gas in March 2024. The deal made Enbridge the largest natural gas distribution utility in North America by volume, serving approximately 7 million customers across multiple states.
Enbridge completed its $3.4 billion acquisition of Dominion Energy's Questar Gas in May 2024. The deal added Utah-based gas distribution serving approximately 1.2 million customers.
Enbridge completed its $3.0 billion acquisition of Dominion Energy's Public Service Company of North Carolina (PSNC) in September 2024. The deal added gas distribution serving approximately 600,000 customers in North Carolina.
Berkshire Hathaway Energy completed the purchase of Dominion Energy's 50% limited partnership stake in the Cove Point LNG, LP business, resulting in a total ownership interest of 75%. The ownership interest is held within BHE GT&S, a Berkshire Hathaway Energy business unit. A subsidiary of BHE GT&S is the general partner and operator of the […]
Iberdrola completed its acquisition of the remaining 18.4% public stake in U.S. subsidiary Avangrid for $2.6 billion in December 2024, taking Avangrid private. The deal strengthened Iberdrola's commitment to the U.S. regulated utility business serving 3.3 million customers in New York and New England.
TotalEnergies acquired a 16.7% equity interest in NextDecade's Rio Grande LNG Phase 1. In July 2023, NextDecade (NASDAQ: NEXT) announced it has made a positive final investment decision to construct the first three liquefaction trains at the company's 27 million tonnes per annum Rio Grande LNG export facility in Brownsville, Texas. NextDecade said it executed […]
Public Service Enterprise Group completed the sale of its 25% equity interest in the 1,100-megawatt Ocean Wind 1 project to Ørsted North America (Ørsted N.A.).
PBF Energy completed its acquisition of Martinez refinery in California from Equilon Enterprises LLC d/b/a Shell Oil Products US. The 157,000 barrel-per-day, dual-coking Martinez refinery is located on an 860-acre site in the City of Martinez, 30 miles northeast of San Francisco, Calif.