Dominion acquires solar power facility in California

Solar-PV2

Dominion (NYSE: D) has closed on the acquisition of the 20-MW CID Solar Project, in King's County, California, from EDF Renewable Energy.

The purchase and sale agreement were previously announced in June 2014. The acquisition closed on December 11, and commenced operations on December 22.

Power produced is being sold under a 20-year power purchase agreement (PPA) with San Francisco-based electric utility Pacific Gas and Electric Company (PG&E, NYSE: PCG).



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