February 2016, Vol. 243, No. 2

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Dominion Resources Buying Questar for $4.4 Billion

NEW YORK (AP) — Dominion Resources will spend approximately $4.4 billion to acquire Questar in a big reach to the West for the East Coast energy company. Dominion is a power producer in the mid-Atlantic region. Questar is in the Rockies and a principal source of gas supply to Western states. There was a rush of deals last year among energy companies who are bulking up with demand weak and energy prices plunging. That includes utilities, which are increasingly switching from coal to natural gas, as they seek more control over their cost input. Last year Duke Energy Corp., a major power provider in the Southeast, spent almost $5 billion to acquire Piedmont Natural Gas Co. Dominion, with

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