Dominion Sells 25% Interest in Cove Point to Brookfield

Updated 1 year 9 months ago

Dominion Energy entered into an agreement with Dominion Super-Core Infrastructure Partners in October 2019 to transfer a 25% interest in the Cove Point LNG terminal for USD 2 billion, excluding working capital. The transaction was expected to close by the end of 2019. J.P Morgan served as a financial advisor to Dominion. The transaction closed in December for a cash consideration of approximately USD 2.1 billion.