Utah Regulators Approve Dominion-Questar Merger

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The Public Service Commission of Utah approved the merger between Dominion (NYSE: D) and Questar Corp (NYSE: STR).

The approval is subject to terms and conditions of an agreed settlement stipulation. In order to complete the merger, final approval is needed from the Wyoming Public Service Commission. The proposed merger would create an integrated energy company serving about 2.5 million electric utility customers and 2.3 million gas utility customers in seven states. The combined company would also operate more than 15,500 miles of natural gas transmission, gathering and storage pipelines and approximately 25,700 MW of power generation.

The Federal Trade Commission in February granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. In May, Questar’s shareholders overwhelmingly approved the merger.

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