M&A Deal Summary

Dominion Energy Acquires Carolina Gas Transmission

On December 16, 2014, Dominion Energy acquired energy services and equipment company Carolina Gas Transmission from SCANA for 493M USD

Acquisition Highlights
  • This is Dominion Energy’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Dominion Energy’s 2nd largest (disclosed) transaction.
  • This is Dominion Energy’s 17th transaction in the United States.
  • This is Dominion Energy’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2014-12-16
Target Carolina Gas Transmission
Sector Energy Services and Equipment
Buyer(s) Dominion Energy
Sellers(s) SCANA
Deal Type Divestiture
Deal Value 493M USD

Target

Carolina Gas Transmission

Cayce, South Carolina, United States
Carolina Gas Transmission Corp. owns and operates nearly 1,500 miles of FERC-regulated interstate natural gas pipeline in South Carolina and southeastern Georgia.

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Buyer(S) 1

Buyer

Dominion Energy

Richmond, Virginia, United States
Category Company
Founded 1983
Sector Utilities
Employees17,700
Revenue 14.4B USD (2023)
DESCRIPTION
Dominion's corporate headquarters in downtown Richmond, Virginia.
Dominion's corporate headquarters in downtown Richmond, Virginia.

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was founded in 1983 and is based in Richmond, Virginia.

DEAL STATS #
Overall 17 of 27
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 13 of 20
State (South Carolina) 1 of 2
Country (United States) 17 of 27
Year (2014) 7 of 8
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Canadian Solar - West Antelope Solar Park

United States

West Antelope Solar Park of Canadian Solar Inc. comprises a solar energy facility. West Antelope Solar Park, located near Lancaster, Calif., in Los Angeles County, has commenced operations. A 20-year power purchase agreement is also in place.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 EDF Renewable Energy - CID Solar Project

California, United States

CID Solar Project comprises a solar project on 200 acres of private land with a 27 megawatt peak (MWp) or 20 MWac ground-mount facility and 3 solar photovoltaic modules with horizontal single-axis trackers.

Buy -

Seller(S) 1

SELLER

SCANA

Cayce, South Carolina, United States
Category Company
Founded 1924
Sector Utilities
Employees5,829
Revenue 4.4B USD (2015)
DESCRIPTION

SCANA Corporation is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. The Company serves approximately 675,000 electric customers in South Carolina and more than 1.2 million natural gas customers in South Carolina, North Carolina and Georgia.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (South Carolina) 1 of 2
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 SCANA Communications

Columbia,, South Carolina, United States

SCANA Communications owns, develops and operates long haul and metro fiber optics networks in South Carolina and North Carolina. SCI provides data transport services, bandwidth, tower site construction, management and rental services for wireless carriers, enterprise, government and communications service providers.

Sell $150M
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