Enbridge Buying Three Dominion Natural Gas Utilities

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.

What is the significance of Dominion Energy selling these utilities?

How does this acquisition impact Dominion resources?