Enbridge Buying Three Dominion Natural Gas Utilities

Enbridge Buying Three Dominion Natural Gas Utilities

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Business, Engineering

University

Hard

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Enbridge, a Canadian midstream energy company, is acquiring three utilities from Dominion Energy for $14 billion. The deal, expected to close in 2024, includes East Ohio Gas and Public Service Company of North Carolina. The market reaction to this announcement has been minimal, with Dominion resources showing little movement. Enbridge's strategic acquisition aims to expand its utility portfolio.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is acquiring utilities from Dominion Energy?

TransCanada

Suncor

Enbridge

Pembina

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total value of the acquisition deal between Enbridge and Dominion Energy?

$10 billion

$12 billion

$14 billion

$16 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which utilities are included in the acquisition by Enbridge?

East Ohio Gas and Public Service Company of North Carolina

West Virginia Gas and South Carolina Electric

North Ohio Gas and Carolina Utilities

Ohio Valley Gas and Carolina Power

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When are the acquisitions expected to be finalized?

2026

2023

2024

2025

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is Dominion Energy's market movement described in the transcript?

Rapid fluctuations

Significant decrease

Significant increase

Not much movement