Southwest Gas Holdings Inc. has agreed to acquire Dominion Energy Questar Pipeline LLC, its subsidiaries, and certain associated affiliates, including Overthrust Pipeline, White River Hub, and Questar Field Services (Questar Pipelines) from Dominion Energy Inc.
Questar Pipelines is a Rocky Mountain energy hub with 2,160-miles of highly contracted, FERC-regulated interstate natural gas pipelines providing transportation and underground storage services in Utah, Wyoming, and Colorado.
Under the terms of the agreement, Southwest Gas will acquire 100% of Questar Pipelines for $1.545 billion in cash. Southwest Gas Holdings will also assume $430 million of Questar Pipelines' debt.
The transaction is expected to close on or about Dec. 31, 2021. Following the close, Questar Pipelines will operate as a standalone subsidiary of Southwest Gas Holdings.