Enbridge Inc. is well on its way to “creating the largest natural gas utility in North America,” with opportunities galore as generation demand increases, according to CEO Greg Ebel.
During a conference call to discuss second quarter results, Ebel highlighted progress toward integrating the $9.4 billion purchase of Dominion Inc. natural gas systems in Idaho, North Carolina, Utah and Wyoming.
The multi-state transaction would effectively double the scale of Enbridge’s natural gas utility business and balance the asset mix evenly between natural gas, renewables and liquids, the CEO noted. Enbridge expects to deliver 9 Bcf/d-plus to about seven million customers through the Dominion acquisition alone.
