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
-
World’s First Ship With Full Carbon Capture & Storage System Ready For Pilot Testing
Inside This Issue 🚢 World’s First Ship With Full Carbon Capture & Storage System Ready For Pilot Testing 💰 DOE Invests Nearly $14 Million To Develop Carbon Conversion Pathways 🔬 DOE Invests $1...
-
Plug Closes Loan Guarantee from the U.S. Department of Energy
Inside This Issue 🔋 Plug Closes Loan Guarantee from the U.S. Department of Energy 🗺️ USGS Releases First-ever Map of Potential for Geologic Hydrogen in U.S. 🌎 Constellation to Acquire Calpine; Cre...
-
Plug Seals Deal with Allied Green Ammonia for 3 GW Electrolyzer
Inside This Issue 🌍 Plug Seals Monumental Deal with Allied Green Ammonia for a Mega 3 GW Electrolyzer System 💰 DOE Invests $101 Million to Establish Carbon Capture, Removal, and Conversion Test Ce...
Company Announcements
-
The Series B Funding round is co-led by Hy24 and SC Net Zero Ventures who are joined by Breakthrough Energy Ventures, Enagas Emprende, Equinor Ventures, Exergon, Ezten, and MassMutal Ventures. The...
-
Orennia Completes Series C Funding Led by Decarbonization Partners
CALGARY, Alberta, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Orennia Inc. today announced the closing of its Series C growth financing, led by Decarbonization Partners, a partnership between BlackRock and T...
-
WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced $45 million in federal funding for six projects to create regional cons...
-
The cost of building new renewable energy plants is now cheaper than operating existing fossil fuel plants globally and exciting opportunities exist for global decarbonization involving hydrogen S...