Enbridge Inc. has closed on its acquisition of The East Ohio Gas Company (EOG) from Dominion Energy Inc. The gas utility will be doing business as Enbridge Gas Ohio and will join Enbridge’s Gas Distribution and Storage Business Unit. The US$6.6 billion transaction was initially announced on September 5, 2023.
EOG is a single-state utility serving over 1.2 million customers across more than 400 communities in Ohio. The gas utility has a portfolio of assets that includes more than 22,000 miles (35,400 km) of transmission, gathering, and distribution pipelines; underground storage; and interconnections to multiple interstate pipelines and large natural gas producers.
“The addition of a strong Ohio-based gas utility company is a great strategic fit for Enbridge. It further diversifies our business and enhances the stable cash flow profile of our assets,” said Michele Harradence, Enbridge Executive Vice President and President, Gas Distribution and Storage. “With this acquisition, Enbridge has all four of its business units represented in Ohio, providing further value-add opportunities.”
