Dominion Energy Announces Closing of Sale of Remaining Interest in Cove Point
Published by Todd Bush on September 4, 2023
RICHMOND, Va., Sept. 1, 2023 /PRNewswire/ -- Dominion Energy (NYSE: D) today announced closure of the sale of its 50% noncontrolling limited partnership interest in Cove Point LNG, LP, to Berkshire Hathaway Energy for $3.3 billion. In addition, Dominion Energy will receive proceeds of $0.2 billion from the settlement of related interest rate derivatives. This transaction was previously announced on July 10, 2023.
A bidirectional liquefied natural gas facility on the western shore of the Chesapeake Bay in Lusby, Md., Cove Point is served by an associated pipeline system in Virginia and Maryland and has 14.6 Bcf of onsite storage.
The transaction met all customary closing conditions.
Dominion Energy
7 million customers in 15 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to safely providing reliable, affordable and sustainable energy and to achieving Net Zero emissions by 2050. Please visit DominionEnergy.com to learn more.
SOURCE Dominion Energy
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Companies
Latest issues
-
Can Carba Really Remove Carbon Under $100?
Inside This Issue 🌬️ U.S. Bank Makes First Carbon Removal Purchase with Carba's Minnesota Biochar Project 🏭 Michigan's CCS Primacy Bid Could Reshape Great Lakes Industry 🏗️ Europe's Largest Carbo...
-
Deep Sky's Alberta DAC Project Gets Its First Pre-Issuance Rating
Inside This Issue ⭐ Deep Sky Receives First Pre-Issuance DAC Rating ♻️ Casella Waste Systems and Waga Energy Bring Third RNG Facility Online at McKean Landfill 🌐 Sinopec and International Partners...
-
Montana Renewables Cuts SAF Cost to $137M
Inside This Issue ✈️ Montana Renewables Announces Innovative, Capital-Efficient Expansion to 200 Million Gallons of Sustainable Aviation Fuel ⚗️ Live Oak Starts Competitive FEED for Nebraska E-Met...
Company Announcements
-
Installation Work for a 30MW Class Hydrogen-Fired Gas Turbine Has Been Completed
~Towards the Implementation of Europe's First Power Generation Demonstration Project~ 30MW class gas turbine "L30A" Power generation equipment inst...
-
Europe's Largest Carbon Capture Facility Officially Inaugurated at Yara Sluiskil in the Netherlands
SLUISKIL, Netherlands, Sept. 7, 2026 /PRNewswire/ -- Europe's largest industrial carbon capture facility was officially inaugurated today at Yara International ASA's plant in Sluiskil, the Netherla...
-
U.S. Bank Makes First Carbon Removal Purchase With Carba's Minnesota Biochar Project
U.S. Bank has entered the carbon dioxide removal market for the first time by purchasing credits from Carba's biochar project in Minnesota. The agreement gives the Minnesota carbon removal develope...
-
Deep Sky Receives First Pre-Issuance DAC Rating
Pre-Issuance Rating for Deep Sky One Follows New DAC-Specific Integrity Framework with Sylvera Deep Sky, the world’s first technology-agnostic carbon removal project developer, has received an AAA...