LAS VEGAS, Nov. 17, 2021 /PRNewswire/ — Southwest Gasoline Holdings, Inc. (NYSE: SWX) introduced at present that the ready interval beneath the Hart-Scott-Rodino Antitrust Enhancements Act of 1976 (“HSR Act”), as amended, expired at 11:59 p.m. EST on November 15, 2021 in reference to the Firm’s pending acquisition of Dominion Power Questar Pipeline, LLC, its subsidiaries and sure related associates, together with Overthrust Pipeline, White River Hub and Questar Area Providers (“Questar Pipelines”) from Dominion Power, Inc. (NYSE: D).
The expiration of the HSR Act ready interval satisfies one of many circumstances to the closing of the pending acquisition. The transaction is anticipated to shut on or earlier than December 31, 2021, topic to the satisfaction of different customary closing circumstances.
For added particulars on the acquisition, please see the press launch supplied on our Investor Relations internet web page.
About Southwest Gasoline Holdings, Inc.
Southwest Gasoline Holdings, Inc., by its subsidiaries, engages within the enterprise of buying, distributing and transporting pure gasoline, and offering complete utility infrastructure companies throughout North America. Southwest Gasoline Company, a completely owned subsidiary, safely and reliably delivers pure gasoline to over two million clients in Arizona, California and Nevada. Centuri Group, Inc., a completely owned subsidiary, is a complete utility infrastructure companies enterprise devoted to delivering a various array of options to North America’s gasoline and electrical suppliers.
About Dominion Power Questar Pipeline, LLC
Dominion Power Questar Pipeline, LLC is an interstate pure gasoline pipeline firm that gives transportation and underground storage companies in Utah, Wyoming and Colorado. Dominion Power Questar Pipeline, LLC owns and operates the Clay Basin storage facility positioned on the Wyoming–Utah border. Clay Basin is the most important underground storage reservoir within the Rocky Mountain Area. By way of wholly-owned subsidiaries, Dominion Power Questar Pipeline, LLC owns and operates the Dominion Power Overthrust Pipeline, LLC in southwestern Wyoming. Dominion Power Questar Pipeline additionally operates and owns 50% of the White River Hub offering transportation and hub companies by interconnections with six interstate pipeline methods and a significant processing plant close to Meeker, Colorado.
This press launch comprises forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. These statements are based mostly on present expectations, estimates and projections about, amongst others, the business, markets by which Southwest Gasoline Holdings, Inc. (the “Firm,” “Southwest Gasoline Holdings,” “SWX,” or “we”) operates, and the transaction described on this press launch. Whereas the Firm’s administration believes the assumptions underlying its forward-looking statements and knowledge are cheap, such info is essentially topic to uncertainties and should contain sure dangers, lots of that are troublesome to foretell and are past the management of the Firm’s administration. These dangers embody, however usually are not restricted to: (1) the incidence of any occasion, change or different circumstances that might give rise to the termination of the Sale and Buy Settlement by and between Dominion Power Questar Company and the Firm (the “Buy Settlement”); (2) the result of any authorized proceedings that could be instituted in opposition to the Firm and others following announcement of the Buy Settlement; (3) dangers that the proposed transaction disrupts present plans and operations; (4) the dangers associated to the power of the Firm to combine Questar Pipelines; (5) the quantity of the prices, charges, bills and expenses associated to the transaction and the precise phrases of sure financings that shall be obtained for the transaction; (6) potential unfavorable impacts to the Firm’s credit score rankings on account of the transaction; and (7) different dangers which might be set forth beneath “Danger Elements” within the Firm’s Annual Report on Kind 10-Okay for the yr ended December 31, 2020, the Firm’s Quarterly Studies on Kind 10-Q for the quarter ended September 30, 2021 and in future filings with the SEC. All forward-looking statements communicate solely as of the date of this press launch. All subsequent written and oral forward-looking statements attributable to the Firm or any individual performing on its behalf are certified by the cautionary statements on this part. The Firm undertakes no obligation to replace or publicly launch any revisions to forward-looking statements to replicate occasions, circumstances or modifications in expectations after the date of this press launch.
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SOURCE Southwest Gasoline Holdings, Inc.