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Dominion Energy sells Cove Point liquified natural gas facility to ... - WV News

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Dominion Energy sells Cove Point liquified natural gas facility to Berkshire Hathaway Energy | WV News | wvnews.com

LUSBY, Md. — Dominion Energy Inc., a Fortune 500 utility based in Richmond, has announced the sale of its remaining stake in the Cove Point natural gas liquefaction facility in Maryland to Berkshire Hathaway Energy for $3.5 billion.

The transaction will result in approximately $200 million in net proceeds for Dominion, which will be utilized to repay debt, including a $2.3 billion loan tied to Dominion's noncontrolling interest in Cove Point.
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