Market Overview

Dominion to Pursue Sale of Three Merchant Power Stations


Dominion (NYSE: D) said today it intends to pursue the sale of three fossil fuel-fired merchant power stations, one in Massachusetts and two in Illinois.

The power stations are:

Brayton Point Power Station, a 1,536-megawatt power station in Somerset, Mass., with three coal-fired units and one unit fired by oil or natural gas. Dominion has owned it since 2005.

Kincaid Power Station, a 1,158-megawatt power station in Kincaid, Ill., with two 579-megawatt coal-fired units. Dominion has owned Kincaid since 1998. And Elwood Power Station, a 1,424-megawatt power station outside Chicago, with nine 158-megawatt natural gas-fired combustion turbines.

Dominion has owned a 50 percent interest in and operated the station since Elwood became operational in 1999.

Posted-In: News Asset Sales


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