We are advising the arrangers and agent on the transaction

Davis Polk is advising the joint lead arrangers, joint bookrunners and the administrative agent in connection with committed financing for the pending acquisitions by Enbridge Inc. of the East Ohio Gas Company, Public Service Company of North Carolina and Questar Gas Company, each of which is currently a subsidiary of Dominion Energy, Inc. The committed financing consists of a loan facility in an aggregate principal amount of up to $9.38 billion.

Enbridge, a diversified energy company headquartered in Calgary, Canada, moves about 30% of the crude oil produced in North America, transports nearly 20% of the natural gas consumed in the United States and operates North America’s third-largest natural gas utility by consumer count.

Dominion Energy, headquartered in Richmond, Virginia, is one of the United States’ largest producers and distributors of energy. Dominion Energy is a leading sustainable provider of electricity, natural gas and related services to customers primarily in the eastern and Rocky Mountain regions of the United States, operating in 15 states and serving approximately 7 million customers.

The Davis Polk finance team includes partner Vanessa L. Jackson, counsel Darren Mahone and associates Aaron Shubert and Duan Xu. The capital markets team includes partner Yasin Keshvargar and associates Dana Sorbi and Zack Mineo. All members of the Davis Polk team are based in the New York office.

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