One-Page Deal Sheet
Dominion Midstream Acquires Stake in Iroquois Gas Transmission LLC
Dominion Midstream Partners Lp Not Disclosed
Announced Date
September 29,2015
Close Date
September 29,2015
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Dominion Midstream Partners, LP has closed the previously announced acquisition of a 25.93 percent ownership interest in Iroquois Gas Transmission System, L.P. Dominion Midstream issued approximately 8.6 million common units to affiliates of National Grid plc and New Jersey Resources Corporation to acquire their ownership interests in Iroquois.
Thomas F. Farrell II, chairman, president and chief executive officer of Dominion Resources, Inc. and Dominion Midstream GP, LLC, said: "This acquisition will help Dominion Midstream to achieve best-in-class distribution growth rates without having to…
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