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RICHMOND, Va., March 6 /PRNewswire-FirstCall/ -- Dominion (NYSE: D), one of the nation's largest energy providers, announced today that it has completed the sale of three natural gas-fired generation facilities to an entity jointly owned by Tenaska Power Fund, L.P., and an affiliate of Warburg Pincus LLC. Proceeds will be used to reduce debt.
The facilities are:
-- Pleasants, a 313-megawatt facility in St. Mary's, W. Va.
-- Armstrong, a 625-megawatt facility in Shelocta, Pa.
-- Troy, a 600-megawatt facility in Luckey, Ohio.
Credit Suisse Securities (USA) LLC advised Dominion on the transaction.
Dominion is one of the nation's largest producers of energy, with a portfolio of more than 26,300 megawatts of generation, about 6.5 trillion cubic feet equivalent of proved natural gas reserves and 7,800 miles of natural gas transmission pipeline. Dominion also owns and operates the nation's largest underground natural gas storage system with about 960 billion cubic feet of storage capacity and serves retail energy customers in eleven states. For more information about Dominion, visit the company's Web site at http://www.dom.com/.
CONTACT: Media: Mark Lazenby, +1-804-819-2042, Mark.Lazenby@Dom.com, or
Analysts: Laura Kottkamp, +1-804-819-2254, Laura.E.Kottkamp@Dom.com, both of
Dominion
Web site: http://www.dom.com/
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