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Researched by Industrial Info Resources (Sugar Land, Texas)--Dominion Resources Incorporated (NYSE:D) (Richmond, Virginia) and Questar Corporation (NYSE:STR) (Salt Lake City, Utah) announced Tuesday that they were moving closer to a planned merger, following approval from the Public Service Commission of Utah, subject to terms and conditions of an agreed settlement stipulation. All that's left before the widely expected marriage is an OK from the Wyoming Public Service Commission. Industrial Info is tracking $1.34 billion in Dominion projects and $81 million in Questar projects.
According to a press release from both companies, the combined entity would provide energy services to seven states, including roughly 2.5 million electric utility customers and 2.3 million gas utility customers. It also would boast more than 15,500 miles of natural gas transmission, gathering and storage pipelines, and one of the largest natural gas storage systems in the U.S.
If Wyoming approves of the union, Dominion can add one of Questar's biggest planned projects to its portfolio: the $6 million construction of a natural gas pipeline from Rock Springs to Sweetwater County. The 2.5-mile pipeline is designed to transport 20 million standard cubic feet per day, originating at an ammonia plant proposed by Simplot Phosphates LLC (Rock Springs). For more information, including contractor contact information, see Industrial Info's project report.
Questar's highest-valued project still is in the site-study phase and has faced a series of delays: the $70 million crude-by-rail terminal in Cabazon, California. The company is looking at several Riverside County locations to set up. In addition to the terminal, the company aims to recommission a 96-mile pipeline to move 120,000 barrels per day (BBL/d) to refineries in the Los Angeles area. For more information, including contractor contact information, see Industrial Info's project report.
In Questar's home state of Utah, Dominion is at work on one of its largest solar-power facilities: the $320 million Three Cedar Solar Project in Cedar City. For more information on the 265-megawatt (MW) photovoltaic (PV) facility, see August 4, 2016, article - , or Industrial Info's project report.
In its own home state, Dominion is planning or constructing almost $330 million in solar projects, including:
In a quarterly earnings call earlier this month, Mark F. McGettrick, the chief financial officer, director and executive vice president of Dominion, said that the acquisition of Questar will close by the fourth quarter of this year. Questar's shareholders overwhelmingly approved the acquisition in May.
In answer to a question on renewable-energy projects, Farrell said in the same earnings call: "We're much more interested in solar than we are in wind. Wind is not a good asset in the territories where we do business for producing power reliably. Solar is better, and we are continuing to look at 2017 and 2018. So far with respect to all of our other growth projects, they're all on time and on budget or ahead of time and below budget."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
According to a press release from both companies, the combined entity would provide energy services to seven states, including roughly 2.5 million electric utility customers and 2.3 million gas utility customers. It also would boast more than 15,500 miles of natural gas transmission, gathering and storage pipelines, and one of the largest natural gas storage systems in the U.S.
If Wyoming approves of the union, Dominion can add one of Questar's biggest planned projects to its portfolio: the $6 million construction of a natural gas pipeline from Rock Springs to Sweetwater County. The 2.5-mile pipeline is designed to transport 20 million standard cubic feet per day, originating at an ammonia plant proposed by Simplot Phosphates LLC (Rock Springs). For more information, including contractor contact information, see Industrial Info's project report.
Questar's highest-valued project still is in the site-study phase and has faced a series of delays: the $70 million crude-by-rail terminal in Cabazon, California. The company is looking at several Riverside County locations to set up. In addition to the terminal, the company aims to recommission a 96-mile pipeline to move 120,000 barrels per day (BBL/d) to refineries in the Los Angeles area. For more information, including contractor contact information, see Industrial Info's project report.
In Questar's home state of Utah, Dominion is at work on one of its largest solar-power facilities: the $320 million Three Cedar Solar Project in Cedar City. For more information on the 265-megawatt (MW) photovoltaic (PV) facility, see August 4, 2016, article - , or Industrial Info's project report.
In its own home state, Dominion is planning or constructing almost $330 million in solar projects, including:
- $150 million: Amazon Solar Farm in Oak Hall
For more information, see Industrial Info's project report. - $47 million: Remington Solar Facility in Remington
For more information, see Industrial Info's project report. - $46 million: Woodland Solar Center in Smithfield
For more information, see Industrial Info's project report. - $46 million: Whitehouse Solar Center in Louisa
For more information, see Industrial Info's project report. - $39.1 million: Scott Solar Station in Macon
For more information, see Industrial Info's project report.
In a quarterly earnings call earlier this month, Mark F. McGettrick, the chief financial officer, director and executive vice president of Dominion, said that the acquisition of Questar will close by the fourth quarter of this year. Questar's shareholders overwhelmingly approved the acquisition in May.
In answer to a question on renewable-energy projects, Farrell said in the same earnings call: "We're much more interested in solar than we are in wind. Wind is not a good asset in the territories where we do business for producing power reliably. Solar is better, and we are continuing to look at 2017 and 2018. So far with respect to all of our other growth projects, they're all on time and on budget or ahead of time and below budget."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
