The Wyoming Public Service Commission approved the $4.4 billion merger between Dominion Resources (NYSE: D) and Questar Corp. (NYSE: STR), subject to terms and conditions of an agreed settlement stipulation.
The companies say with the latest approval, the merger is expected to close September 16. The proposed merger would create one of the largest integrated energy companies, serving about 2.5 million electric utility customers and 2.3 million gas utility customers in seven states. The combined company will be headquartered in Richmond, Virginia, with its Western operations based in Salt Lake City, Utah. It would operate 14,400 miles of natural gas transmission, gathering and storage pipelines, and approximately 25,700-MW of electric generation.