Dominion closes sale on three coal-fired power plants

Dominion Resources Brayton Point Massachusetts Kincaid Elwood coal-fired power plants Illinois sale Energy Capital Partners

Dominion (NYSE: D) has closed its deal to sell the coal-fired Brayton Point Power Station in Massachusetts, as well as the Kincaid Power Station and its interest in the Elwood Power Station, both in Illinois, to Energy Capital Partners, according to a report from the Boston Globe.

Energy Capital Partners paid $472 million for the three properties, a Dominion spokesman told the Globe. The company did not disclose the price of the individual properties.

The sale is part of the company’s strategy to exit the merchant power business, according to the Globe.

Read more business news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...