Enbridge Completes Acquisition of PSNC from Dominion Energy
London, October 03, 2024, (Oilandgaspress) –––Enbridge Inc. announced the closing of its acquisition of Public Service Company of North Carolina, Incorporated (“PSNC”) from Dominion Energy, Inc.. The PSNC gas utility will be doing business in North Carolina as Enbridge Gas North Carolina and will join Enbridge’s Gas Distribution and Storage Business Unit. This marks the successful completion of the strategic acquisition of three U.S. based gas utilities first announced in September 2023.
PSNC is a premier single-state regulated gas utility in North Carolina serving over 600,000 customers in service territories supported by strong economic growth in cities such as Raleigh, Durham, Gastonia, and Asheville. The asset portfolio includes over 13,000 miles (over 20,500 km) of natural gas distribution and transmission pipelines, a liquefied natural gas storage facility in construction that will enhance system reliability, and non-operated minority interests in a natural gas transmission pipeline lateral and a liquefied natural gas storage facility.
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