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
-
Origins Hub Will Store 1.5 Million Tonnes of CO2 in Alberta
Inside This Issue 🍁 Enhance Energy's Origins Hub Reshapes Alberta Carbon Storage 🤝 Carbon Unbound Merges East and West Coast Summits Into One Flagship North American CDR Event 🧭 Vortex Energy Enga...
-
Honeywell's Methanol-to-Jet Pathway Just Cleared Its Biggest Gate
Inside This Issue 🛫 Methanol-to-Jet Clears the ASTM Gate. What Changes Now? 🌿 InPlanet Selected as the Brazilian Supplier in Whirlpool Corporation's Durable Carbon Removal Portfolio 🧲 Climeworks A...
-
How Montana Renewables Cut $1B Out of Its SAF Budget
Inside This Issue 🌿 How Montana Renewables Cut MaxSAF Capex 89% 📋 IRS Issues Notice on 45Z Clean Fuel Production Tax Credit to Support Domestic Biofuel Production and American Agriculture 🌊 Natura...
Company Announcements
-
FedEx: Expands Sustainable Aviation Fuel Agreements Across U.S. Air Network
MEMPHIS, Tenn., Sept. 15, 2026 - FedEx is scaling its sustainable aviation fuel (SAF) procurement through new agreements projected to secure more than 20 million gallons of neat SAF across five U.S...
-
Praj and Gevo Forge Landmark Alliance to Advance Bio-IBA in India
The agreement strengthens India's pioneering efforts to develop Bio-IBA as a renewable blending solution for decarbonizing one of the world's largest diesel markets. ENGLEWOOD, Colo and PUNE, Indi...
-
Novel approach addresses both methane and carbon dioxide removal and marks Google's largest carbon removal purchase to date, delivering 1M tonnes of impact by 2030 SAN FRANCISCO & SAO PAULO-- ...
-
AiP acquired after completing risk assessment of CO2 handling operations specific to low-pressure liquefied CO2 carriers and establishing a safety-focused design policy Utilizes the MILES-based st...