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Equitable Resources, Inc. to Purchase Natural Gas Utilities Dominion Peoples and Dominion Hope.

Publication: PR Newswire
Publication Date: 02-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PITTSBURGH, March 2 /PRNewswire-FirstCall/ -- Equitable Resources, Inc. today announced that it has entered into a definitive agreement to acquire Dominion Resources' natural gas distribution and midstream assets in Pennsylvania and its natural gas distribution assets in West Virginia for approximately $970 million, subject to adjustments, in a cash transaction. The acquisition will add approximately 475,000 customers, 33 Bcf of storage, 936 miles of gathering pipelines and 466 miles of high pressure transmission lines to EQT's current natural gas operations in southwestern Pennsylvania and West Virginia. These assets increase...

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