Enbridge says it will finance the deal through a combination of $US9.4 billion of cash consideration and US$4.6 billion of assumed debt
The Canadian company says the deal will double the scale of its gas utility business and will serve to balance its asset mix evenly between natural gas and renewables, and liquids.
Enbridge says following the transaction, its gas utility business will be the largest by volume in North America with a combined rate base of over C$27 billion and about 7,000 employees delivering over nine billion cubic feet per day of gas to approximately seven million customers.Tickers mentioned in this story
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