Dominion Completes Sale Of Partially Completed Ohio Generating Unit
RICHMOND, Va. – Dominion (NYSE: D) announced
today that it has sold its Dresden Energy electric generation facility to
AEP Generating Company, a subsidiary of American Electric Power (NYSE: AEP),
for approximately $85 million.
Dresden is a partially completed 580-megawatt
combined-cycle, gas-powered generating unit in Muskingum County, Ohio.
Dominion is one of the nation's largest producers
of energy, with a portfolio of more than 26,500 megawatts of generation 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
11 states. For more information about Dominion, visit the company's Web site
at http://www.dom.com.
