Enbridge to purchase three U.S. utilities for $14 billion in cash and debt

Enbridge Inc. says it has signed a US$14 billion cash-and-debt deal to purchase three U.S.-based utility companies. The Calgary-based energy infrastructure giant says the three utilities, owned by Dominion Energy, Inc., are The East Ohio Gas Company, Questar Gas Company and its related Wexpro companies, and the Public Service Company of North Carolina. Enbridge says it will finance the deal through a combination of $US9.4 billion of cash consideration and US$4.6 billion of assumed debt