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March 6, 2007
Dominion Completes Sale of Three Facilities in West Virginia, Pennsylvania and Ohio
RICHMOND-- Dominion (NYSE:D), one of the nation's largest
energy providers, announced today that it has completed the sale of three natural
gas-fired generation facilities to an entity jointly owned by Tenaska Power
Fund, L.P., and an affiliate of Warburg Pincus LLC. Proceeds will be used to
reduce debt.
The facilities are:
- Pleasants, a 313-megawatt facility in St. Mary's, W. Va.
- Armstrong, a 625-megawatt facility in Shelocta, Pa.
- Troy, a 600-megawatt facility in Luckey, Ohio.
Credit Suisse Securities (USA) LLC advised Dominion on the
transaction.
Dominion is one of the nation's largest producers of energy,
with a portfolio of more than 26,300 megawatts of generation, about 6.5 trillion
cubic feet equivalent of proved natural gas reserves and 7,800 miles of natural
gas transmission pipeline. Dominion also owns and operates the nation's largest
underground natural gas storage system with about 960 billion cubic feet of
storage capacity and serves retail energy customers in eleven states. For more
information about Dominion, visit the company's Web site at http://www.dom.com.
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