07:42 AM EDT, 06/03/2024 (MT Newswires) -- Enbridge Inc. ( ENB ) on Monday closed the acquisition of the Questar Gas Company and its related Wexpro companies from Dominion Energy.

A statement noted the Questar Gas utility will be doing business in Utah as Enbridge Gas Utah, in Wyoming as Enbridge Gas Wyoming, and in Idaho as Enbridge Gas Idaho. Questar will join Enbridge's ( ENB ) Gas Distribution and Storage Business Unit.

"Questar Gas and Wexpro enhance the scale and breadth of our existing low risk utility business model and support our long-term dividend growth profile by providing stable, predictable cash flows," said Michele Harradence, Enbridge ( ENB ) Executive Vice President and President, Gas Distribution and Storage.

Monday's statement said the closing of the purchase of the Public Service Company of North Carolina , Incorporated is expected to occur following the receipt of required regulatory approvals for that purchase. It added the acquisition of PSNC is "on track" to close in 2024. Monday's statement noted the combined contributions from Questar and the previously closed acquisition of The East Ohio Gas Company (now doing business as Enbridge Gas Ohio) are expected to contribute approximately 80% of the total annualized EBITDA from the three gas utilities Enbridge ( ENB ) has agreed to acquire from Dominion.