08:26 AM EST, 03/07/2024 (MT Newswires) -- Enbridge ( ENB ) shares were up 1% in premarket New York trading after the company on Thursday said it closed the acquisition of the East Ohio Gas Company (EOG) from Dominion Energy ( D ) , one of three natural-gas utilities it agreed to acquire from the US company in a US$14 billion deal.

The company said closure adds 1.2-million customers, 35,400 kilometers of pipelines, underground storage, and "interconnections to multiple interstate pipelines and large natural gas producers".

"The addition of a strong Ohio-based gas utility company is a great strategic fit for Enbridge ( ENB ). It further diversifies our business and enhances the stable cash flow profile of our assets," executive vice-president Michele Harradence said in a release.

Enbridge ( ENB ) said acquisition of the two other utilities included in the September announcement, Questar Gas and Public Service Company of North Carolina, are awaiting regulatory approvals but are expected to close this year.

"Closing of the three U.S. Utilities acquisitions remains on track with ~85% of the $19 bln price tag pre-funded and EOG (Ohio) expected to close imminently, followed by Questar (Utah) by late summer, and the North Carolina utility by the end of the year," National Bank analyst Patrick Kenny said in a note issued prior to the announcement of the EOG close.

The company's announcement follows on its Wednesday investor day presentations, where it said it expects earnings per share growth of around 5% through 2026, while expanding a pipeline system serving the prolific Permian shale basin in Texas, new Gulf of Mexico pipelines and additional oil-storage space at itsEngleside Energy Center in Texas, the largest crude oil storage and export terminal by volume in the United States, while affirming its 2024 guidance

Enbridge ( ENB ) shares were last seen up US$0.35 to US$35.40 in premarket trading. They closed up C$0.08 to C$47.37 Wednesday on the Toronto Stock Exchange.