McGuireWoods advises Dominion Resources in USD4b acquisition.
BANKING AND CREDIT NEWS-February 9, 2016-McGuireWoods advises Dominion Resources in USD4b acquisition
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McGuireWoods has served as legal advisor to Dominion Resources Inc. in its USD4.4 billion acquisition of Questar Corp., a deal which will expand Dominion's natural gas assets into the western United States and create a combined company that serves 4.8 million electric utility and natural gas customers in seven states, the company said.
The McGuireWoods team representing Dominion was led by partner Joanne Katsantonis, who chairs the firm's energy industry team, and partner Jay Hughes. The team included partners Jane Whitt Sellers, who handled the securities aspects of the deal, and Charles Menges, who handled deal financing, as well as other lawyers across multiple practices.
The deal is expected to close by the end of 2016.
Headquartered in Richmond, Virginia, Dominion is one of the nation's largest producers and transporters of energy. Questar, headquartered in Salt Lake City, Utah, serves nearly one million homes and businesses in Utah, Wyoming and Idaho, with approximately 97 percent of its customer accounts in Utah.
McGuireWoods' multidisciplinary energy team works across multiple sectors, from electric and gas, to natural gas and renewable fuels, to coal and Marcellus shale, and emerging technologies. The projects handled by the firm's energy team represent approximately 30,500 megawatts of electric capacity with a combined value of more than USD100 billion.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Feb 9, 2016|
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