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Berkshire Hathaway to Acquire Gas Midstream Assets from Dominion

Berkshire Hathaway Inc. Dominion Energy
AnnouncedJul 6, 2020
TypeAsset
Announced Date
July 06,2020
Transaction Type
Asset




Snapshot
Location
Region
United States

Country
United States


Transaction Details:  Subscribe to see

Dominion Energy has executed a definitive agreement to sell substantially all of its Gas Transmission & Storage segment assets to an affiliate of Berkshire Hathaway in a transaction valued at $9.7 billion, including the assumption of $5.7 billion of existing indebtedness.

Deal Details: Dominion Energy has executed a definitive agreement to sell gas transmission and storage assets – including more than 7,700 miles of natural gas storage and transmission pipelines 900 billion cubic feet of gas storage that the company currently operates

Additionally, the company will acquire 25% of Cove…

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