Overview Key strengths Key risks Low-risk regulated utility business and effective management of regulatory risk. Limited business and regulatory diversity. Strong access to gas supply, transportation, and storage. Significant capital spending and negative discretionary cash flow. We expect the utility to maintain its stable cash flow and credit quality with support from existing cost-recovery mechanisms. The positive outlook on Questar Gas Co. (QGC) mirrors the outlook on parent Dominion Energy Inc. The positive outlook reflects a 1-in-3 probability we will raise the ratings over the next 24 months. The asset sale and cancellation of the Atlantic Coast Pipeline strengthens Dominion's business risk profile by reducing risk and focusing growth on its lower-risk regulated utility strategy. On a pro forma basis,
