Dominion, Questar File Merger Applications in Wyoming, Utah

 Dominion, Questar File Merger Applications in Wyoming, Utah

Dominion Resources and Questar Corporation have jointly filed merger applications with the Public Service Commissions in Utah and Wyoming.  The companies also provided notice of the proposed transaction to the Idaho Public Utilities Commission.

In February, Dominion announced plans to acquire Utah-based Questar for about $4.4 billion in cash.

The merger would create an integrated energy company with about 2.5 million electricity customers and 2.3 million gas customers in seven states.  The new company would operate more than 15,500 miles of natural gas transmission, gathering and storage pipelines, one of the nation’s largest natural gas storage systems and about 24,300 MW of power generation capacity.

Questar’s shareholders have yet to approve the merger, but the Federal Trade Commission has granted early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

The companies anticipate closing the transaction in 2016.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...