Dominion energy advances business review; announces agreements to sell gas distribution companies to enbridge

Consistent with the previously outlined commitments & priorities of the ongoing business review transactions valued at $14.0 billion – all cash consideration of $9.4 billion plus assumption of debt highly credit accretive—100% of after-tax proceeds expected to be used to retire debt all sales expected to close by end of 2024, subject to customary regulatory approvals company now expects to conclude review and announce repositioned outlook during the fourth quarter of 2023 given vital importance of ensuring the company is best positioned to create maximum long-term value for shareholders  richmond, va. , sept. 5, 2023 /prnewswire/ -- dominion energy (nyse: d) today announced that it has concluded a robust and competitive sale process and executed three separate definitive agreements to sell its three natural gas distribution companies to enbridge (tsx: enb) (nyse: enb).
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