Oil and Gas
PKN Orlen S.A. Acquires PGNiG
PKN Orlen completed its merger with state-owned gas giant PGNiG S.A., creating the largest fuel and energy group in Central Europe with over 100M customers.
Gas Distribution
9 articles
Power and Utilities
Dominion Energy Sells Questar Pipelines to Southwest Gas
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.
Power and Utilities
Enbridge Acquires Dominion Energy's East Ohio Gas
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.
Power and Utilities
Enbridge Acquires Dominion Energy's Questar Gas
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.
Power and Utilities
Enbridge Acquires Dominion Public Service Company of NC
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.
Oil and Gas
National Fuel to Acquire CenterPoint's Ohio Natural Gas Utility Business
National Fuel Gas agreed to acquire the Ohio natural gas utility business of CenterPoint Energy for $2.62 billion. The business operates about 5,900 miles of pipelines and serves roughly 335,000 customers in Ohio, with the deal expected to close in the fourth quarter of 2026, subject to regulatory approvals. TD Securities (USA) LLC is serving […]
Power and Utilities
NW Natural Holdings Acquires Hughes Gas Resources
Northwest Natural Holding (NYSE: NWN) subsidiary SiEnergy Operating (SiEnergy) completed the acquisition of 100% of the capital stock of Hughes Gas Resources from EPCOR USA Inc. for $60 million. Hughes serves approximately 6,900 connections in 12 communities northeast of Houston and is expected to have a rate base of approximately $46 million at the end […]
Power and Utilities
NW Natural Holdings Acquires SiEnergy (Texas Gas Utility)
NW Natural Holdings completed the acquisition of SiEnergy from SiEnergy Capital Partners, an affiliate of Ridgewood Infrastructure, expanding its regulated natural gas utility footprint in Texas. SiEnergy serves about 70,000 residential and commercial customers across the Houston, Dallas and Austin metropolitan areas.
Oil and Gas
Delta Utilities Acquires Natural Gas Distribution Business from Entergy
Entergy completed the sale of its natural gas distribution business to Delta Utilities, a company backed by Bernhard Capital Partners. The divestiture supports Entergy's strategic focus on its growing electric utility business. Delta Utilities assumes responsibility for day-to-day gas distribution operations. The assets include approximately 3,700 miles of natural gas pipelines and 2,200 miles of […]