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.

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