$9.7B Deal Puts Dominion, Berkshire on Different Paths

摘要

Dominion Energy, long a mainstay of the midstream US gas sector, has sold thousands of miles of pipelines and nearly 1 trillion cubic feet of storage capacity to Berkshire Hathaway as it transitions to a pure-play utility focused on clean energy. With the $9.7 billion sale, Berkshire Hathaway Energy will own 18% of all interstate gas transmission volumes in the US, up from 8%. The deal was announced the same time Dominion and partner Duke Energy scrapped the $8 billion Atlantic Coast Pipeline (p1).