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Dominion Sells Three Eastern US Facilities

Energen Corp., Petrosearch Energy Dominion Resources, Inc.
AnnouncedJan 1, 2007
TypeAsset
Announced Date
January 01,2007
Close Date
January 01,2007
Transaction Type
Asset




Snapshot
Location
Region
Northeast

Country
United States

State
Pennsylvania


Transaction Details:  Subscribe to see

Dominion, one of the nation's largest energy providers, announced today that it has reached an agreement to sell three natural gas-fired generation facilities to a subsidiary of Tenaska Power Fund, L.P., and an affiliate of Warburg Pincus LLC. Terms were not disclosed. Sales proceeds will be used to reduce debt.

The facilities are:

Pleasants, a 313-megawatt facility in St. Mary's, West Va.Armstrong, a 625-megawatt facility in Shelocta, Pa.Troy, a 600-megawatt facility in Luckey, Ohio.

The sale is expected to close in the first quarter of 2007 pending regulatory approval by the Federal Energy…

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