Dominion Midstream Partners

Dominion Midstream Partners to Acquire Interests in Iroquois Gas Transmission System from National Grid, New Jersey Resources

Submitted by aburr on Tue, 2015-08-18 17:05

Dominion Midstream Partners entered into agreements with affiliates of National Grid and New Jersey Resources to acquire their ownership interests in Iroquois Gas Transmission System, in exchange for the issuance of approximately 8.6 million common units in Dominion Midstream having an agreed-upon value of approximately $286.5 million.

Dominion Agrees To Acquire Carolina Gas Transmission

Submitted by aburr on Thu, 2014-12-18 12:56

Dominion Resources agreed to purchase Carolina Gas Transmission (CGT) from SCANA Corporation for approximately $492.9 million. The company plans to close on the acquisition in January 2015. The transaction would include no assumption of debt and, upon closing, would be immediately accretive to Dominion's operating earnings per share. Subject to board approvals by Dominion and Dominion Midstream Partners, Dominion expects to contribute CGT into Dominion Midstream for a combination of debt and units by mid-year 2015.