Dominion, Berkshire Hathaway terminate sale of Questar Pipelines

Dominion Energy is beginning a competitive process for the sale of Questar Pipelines with a target close of yearend 2021 after a deal to sell the pipeline group to Berkshire Hathaway Energy was terminated due to ongoing uncertainty associated with achieving clearance from the Federal Trade Commission, Dominion said in a July 12 release.

The development has no impact on the sale of gas transmission and storage assets to Berkshire Hathaway Energy completed in November 2020, Dominion said  (OGJ Online, July 13, 2020).   

Dominion Energy will continue to account for Questar Pipelines as discontinued operations and intends to enter a 364-day term loan to repay the $1.3 billion transaction deposit made by Berkshire Hathaway. The loan is expected to be repaid by yearend 2021 with proceeds from the sale of Questar Pipelines to an alternative buyer.