) fell in early trading on Wednesday as investors digested the Canadian pipeline operator's plan to buy three U.S. natural gas utilities in a deal worth US$14 billion.
The deal would see Enbridge double the size of its gas utility business through the acquisition of the East Ohio Gas, Questar Gas, and Public Service of North Carolina from Virginia-based Dominion Energy. Under the terms, Enbridge would pay US$9.4 billion in cash, and take on US$4.6 billion in debt.