Questar Corporation | Utah | 001-08796 | 87-0407509 |
Questar Gas Company | Utah | 333-69210 | 87-0155877 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Questar Gas will be managed from an operations standpoint as a separate regional business with local operating management located in Salt Lake City, Utah. |
| Questar Gas will continue its 2017-2019 planned capital expenditure program to install, upgrade and maintain facilities necessary for safe and reliable service assuming no material change in circumstances. |
| Dominion will contribute $75 million towards the full funding of the Questar Retirement Plan. |
| Dominion will not seek recovery of any acquisition premium from Questar Gas customers. |
| Dominion will provide equity capital to maintain an end-of-year equity percentage of total capitalization in the range of 50% to 55% through 2019. |
| Dominion will, through 2019, use commercially reasonably efforts to maintain credit metrics at Questar Gas supporting a strong investment-grade credit rating. |
| Dominion will increase charitable contributions in Questar Gas' service area by $1 million per year over the historical level for at least five years. |
| Questar Gas will not file a general rate case application with a requested rate effective date earlier than January 1, 2020. |
| Transaction costs associated with the merger will not be recovered from customers. |
| Questar Gas will not seek recovery of any increase in aggregate operating, maintenance, general and administrative costs that are a result of the merger. |
• | Questar Gas and Dominion will put various ring fencing measures in place intended to minimize the possibility that adverse developments, if any, elsewhere in the Dominion corporate family will impact Questar Gas. |
Exhibit No. | Exhibit |
10 | Wyoming Stipulation Agreement dated August 1, 2016. |
99 | Joint press release issued September 14, 2016, by Dominion Resources, Inc. and Questar Corporation. |
QUESTAR CORPORATION | ||
September 14, 2016 | /s/ David M. Curtis | |
David M. Curtis Vice President Controller and Acting Chief Financial Officer Questar, Questar Gas |
Exhibit No. | Exhibit |
10 | Wyoming Stipulation Agreement dated August 1, 2016 |
99 | Joint press release issued September 14, 2016, by Dominion Resources, Inc. and Questar Corporation. |