Dominion Energy said it completed the disposition to Enbridge Parrot Holdings, LLC of all of its membership interests in Fall North Carolina Holdco LLC on September 30, 2024. The company said Fall North Carolina Holdco is the intermediate holding company for PSNC.

1. 01

   Dominion Energy said it completed the disposition to Enbridge Parrot Holdings, LLC of all of its membership interests in Fall North Carolina Holdco LLC on September 30, 2024. The company said Fall North Carolina Holdco is the intermediate holding company for PSNC.

2. 02

   The company said that at closing, Enbridge paid Dominion Energy about $2.0 billion in cash and assumed about $1.2 billion of indebtedness.

3. 03

   The company said PSNC is a public utility primarily engaged in the purchase, sale, transportation and distribution of natural gas to residential, commercial and industrial customers in North Carolina.

4. 04

   The company said the disposition was made under the purchase and sale agreement dated as of September 5, 2023. It said it has already reported the disposed business as discontinued operations in its Form 10-K for the year ended December 31, 2023, and therefore does not file pro forma financial information.

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