• Natural Gas News

    DT Midstream closes on Millennium acquisition

Summary

Millennium delivers natural gas from Appalachia basin across New England and in New York state.

by: Dale Lunan

Posted in:

Complimentary, Natural Gas & LNG News, Americas, Corporate, Mergers & Acquisitions, Infrastructure, Pipelines, News By Country, United States

DT Midstream closes on Millennium acquisition

DT Midstream said October 7 it had closed on its previously-announced plan to acquire an additional 26.25% interest in Millennium Pipeline from British multinational National Grid for $552mn.

The acquisition, financed with cash on hand and available debt instruments, increases DT’s equity interest in Millennium to 52.5%.

Millennium is a 423-km interstate pipeline that delivers Marcellus and Utica natural gas to utility and power plant markets in across New England and in New York state.