Dominion Energy announced on Tuesday the sale of Questar Pipelines to Southwest Gas Holdings Inc. The all cash transaction is valued at $1.975 billion dollars and the sale is expected to close in the fourth quarter of 2021. “We are pleased with the result of our sale process for these high-quality assets,” shares Dominion Chairman, President, and CEO Robert M. Blue. “This transaction represents another significant step in our evolution as a company, allowing us to focus even more on fulfilling the energy needs of our utility customers and continuing growth of our clean-energy portfolio, including development of the largest offshore wind farm in North America. We appreciate the focus and professionalism of the Questar Pipelines employees, who have maintained safe and reliable operations. We look forward to closure by year’s end.” Questar Pipelines includes transportation and underground storage assets in Utah, Wyoming, and Colorado.
