RICHMOND, Va., Sept. 1,
2022 /PRNewswire/ -- Dominion Energy (NYSE: D) today
announced closure of the sale of its West
Virginia natural gas utility – Hope Gas, Inc. (Dominion
Energy West Virginia or DEWV) – to a subsidiary of Hearthstone
Holdings, Inc., a portfolio company of Ullico Inc.'s infrastructure
fund, for $690 million, adjusted for
customary closing items. This transaction was previously announced
on Feb. 11, 2022.
DEWV is a Clarksburg,
W.Va.-based gas utility employing about 300 and serving
111,000 West Virginia customers,
with 3,200 miles of gas distribution pipelines and more than 2,000
miles of gathering pipelines. Dominion Energy continues to own and
operate Mt. Storm Power Station in
Mt. Storm, W.Va.
The transaction received all customary regulatory
approvals.
About Dominion Energy
About 7 million customers in 15 states energize their
homes and businesses with electricity or natural gas from Dominion
Energy (NYSE: D), headquartered in Richmond, Va. The
company is committed to safely providing reliable, affordable
and sustainable energy and to achieving Net Zero emissions by
2050. Please visit DominionEnergy.com to learn
more.
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SOURCE Dominion Energy