Enbridge dives as market frets over financial hit from $14 bln Dominion deal

Enbridge shares plummeted as the Canadian pipeline operator's $14 billion bid to acquire three utilities raised concerns about its financial impact and leverage, despite making Enbridge the largest gas utility in North America.

reuters.com

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9/5/2023

Dominion Energy Advances Business Review; Announces Agreements to Sell Gas Distribution Companies to Enbridge

Dominion Energy has announced the sale of three natural gas distribution companies to Enbridge for $14 billion, with the proceeds expected to be used to retire debt, subject to regulatory approvals.