With Berkshire Hathaway’s $9.7 billion planned acquisition of Dominion Energy’s natural gas transmission business and accompanying debt, a major pipeline in western Connecticut will be getting a new stakeholder amid continuing investment in the system. If approved by the Federal Energy Regulatory Commission, the deal would give Berkshire Hathaway some 7,700 miles of transmission lines, along with storage facilities and a minority share in a liquefied natural gas export terminal in Maryland of which it will assume operation. The transaction includes a 50 percent stake in the Iroquois Gas Transmission System which runs nearly 50 miles through western Connecticut, and which has its main office in Shelton. Iroquois’ other major owner is TC Energy, known until last year as TransCanada, which led the design and construction of the pipeline three decades ago.
https://www.stamfordadvocate.com/news/article/Berkshire-Hathaway-takes-stake-in-big-CT-natural-15389251.php