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
-
Major Blue Ammonia Pact: CF, JERA, Mitsui Sign On
Inside This Issue ๐งช CF Industries Announces Joint Venture with JERA Co., Inc., and Mitsui & Co., Inc., for Production and Offtake of Low-Carbon Ammonia ๐ชจ Microsoft Signs Large Carbon Removal D...
-
US Against Plan for Levy on Carbon Emissions From Ships, Leak Suggests
Inside This Issue ๐ข US Against Plan for Levy on Carbon Emissions From Ships, Leak Suggests ๐ฑ Envitec Biogas Commissions Its Largest Anaerobic Digestion Plant in the US ๐ฅ๏ธ First-of-Its-Kind AI-powe...
-
How Occidental and 1PointFive Are Reshaping Clean Energy in the U.S.
Inside This Issue ๐๏ธ Carbon Capture Gets Real: How Occidental and 1PointFive Are Reshaping Clean Energy in the U.S. ๐ St Ives Bay Carbon Capture Plans Scrapped ๐ข Major Nations Agree on First-ever ...
Company Announcements
-
THE WOODLANDS, Texas, April 15, 2025 /PRNewswire/ -- CB&I and a consortium including Shell International Exploration and Production, Inc. (Shell), a subsidiary of Shell plc, GenH2 and the Unive...
-
Hydrogen Capture Enhances Sustainability and Profitability of Olin's St. Gabriel Facility Plug US Hydrogen Capacity now at 40 metric-ton-per-day (TPD) CLAYTON, Mo., April 17, 2025 /PRNewswir...
-
Indigo Approaches a Megaton of Carbon Removals Stored in US Cropland
Indigo's MRV approach recognized as industry best practice 85% decrease in administrative burden removes meaningful obstacle to scale-up Over 1M carbon removals and reductions achieved cumul...
-
Additions bring policy, science, and market expertise to support the development of clear and credible carbon removal standards SAN FRANCISCO, April 17, 2025 (GLOBE NEWSWIRE) -- Absolute Climate, ...