Dominion confirms FERC approval of coal-fired power plant sale

Dominion sale Brayton Point coal-fired power plant Massachusetts Federal Energy Regulatory Commission FERC Illinois Energy Capital Partners

A Dominion (NYSE: D) spokesperson has confirmed the Federal Energy Regulatory Commission approved the sale of the coal-fired Brayton Point power plant Tuesday, according to The Herald News.

Dominion announced the sale of the power plant to Energy Capital Partners in March, and Dominion spokesperson Dan Genest told The Herald News the two companies expect to close within the next several weeks.

Brayton Point was part of a $650 million sale, including $472 million in cash and after sale tax benefits, along with two other Dominion power plants in Illinois, according to the report.

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