Statement Regarding Berkshire Hathaway Energy’s Termination of Acquisition of Dominion Energy, Inc.’s Questar Pipeline in Central Utah

In response to the announcement that Berkshire Hathaway Energy Companys Kern River Gas Transmission Pipeline has terminated its acquisition of rival Dominion Energy, Inc.s Questar Pipeline, the FTC Bureau of Competition Acting Director Holly Vedova issued this statement:

Metadata

Provider:

FTC

URL:

https://www.ftc.gov/news-events/press-releases/2021/07/statement-regarding-berkshire-hathaway-energys-termination

Retrieved on:

Tuesday, July 13, 2021

Information

Tags:

Questar Pipeline, Economy of the United States, Kern River Pipeline, Questar, Berkshire Hathaway Energy, Dominion Energy, Energy in the United States, States of the United States, Southern Trails Pipeline

Summary

Key Points:

In response to the announcement that Berkshire Hathaway Energy Companys Kern River Gas Transmission Pipeline has terminated its acquisition of rival Dominion Energy, Inc.s Questar Pipeline, the FTC Bureau of Competition Acting Director Holly Vedova issued this statement:
Yesterday, following an investigation by FTC staff with the Utah Attorney Generals Office, Berkshire Hathaway Energy and Dominion Energy abandoned the planned $1.7 billion sale of the Questar Pipeline.
Only two pipelines bring natural gas from the Rocky Mountain production basins to serve central Utah: Berkshires Kern River Pipeline and Dominions Questar Pipeline.
This competition historically has enabled Utah customers to obtain lower transportation rates and better terms of service.
Questar Pipeline attempted to purchase a 50% share in the Kern River Pipeline but the parties abandoned those plans shortly after the Commissions suit.