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Dominion Resources Inc To Sell Three Power Plants-Reuters


Monday, 11 Mar 2013 10:22am EDT 

Reuters reported that Dominion Resources Inc said it had struck a deal to sell three power plants, one in Massachusetts and two in Illinois, to funds controlled by private equity firm Energy Capital Partners. The sale is expected to close in the second quarter of 2013 and generate after-tax proceeds of about $650 million, including cash tax benefits, Dominion said in a statement. The Company, which did not disclose how much Energy Capital Partners was paying for the plants, said it plans to invest the proceeds in its regulated businesses and reduce its debt needs. 

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21 Aug 2014