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Dominion Energy to sell power station stakes for $1.32 bln


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These translations are done via Google Translate

Sept 24 (Reuters) – Dominion Energy said on Monday it plans to sell two power stations and a 25 percent interest in a hydroelectric power plant for $1.32 billion.

The company said its Fairless power station in Pennsylvania and the Manchester Street power station in Rhode Island will be sold to Starwood Energy for $1.23 billion in cash.

Dominion also said based on strong interest from third parties, it will continue to evaluate its 50 percent interest in the Blue Racer Midstream joint venture.

GLJ
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(Reporting by Shanti S Nair in Bengaluru; Editing by Shounak Dasgupta)



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