Cove Point LNG owner Dominion pulls out all the stops to become major US utility player
Dominion Energy, owner of the Cove Point liquefied natural gas liquefaction facility on Chesapeake Bay in the state of Maryland, is pulling out all the stops to acquire Scana Corp and its South Carolina natural gas and power assets as it strives to become a major player in the US utility business.
Dominion share sale
March 28 (LNGJ) - Dominion Energy, developer of the Cove Point LNG export plant in Maryland, has put the price of its public offering of 20 million shares of its common stock at $67.85 per share. The offering will be conducted under forward sale agreements. Goldman Sachs, Credit Suisse Securities, Barclays Capital, Citigroup and J.P. Morgan are acting as joint book-running managers of the offering. “The underwriters may offer shares of Dominion Energy's common stock in transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at either market prices or at negotiated prices,” said Dominion. The offering is expected to raise at least $1.35 billion and would be used for debt financing.
Cove Point LNG starts one-month countdown to full commercial operations and Asia exports
Dominion Energy said its Cove Point liquefied natural gas export plant at Chesapeake Bay has begun producing LNG with the newly constructed facility undergoing full commissioning along with a comprehensive round of testing and quality assurance activities before commercial operations begin in just over one month’s time.
US Cove Point LNG decries ‘false’ news on contracts and is on track for commercial start
Dominion Energy, the developer of the Cove Point LNG export plant in the East Coast state of Maryland, said it was not renegotiating its contract terms with any company amid a wave of “false” news on the issue that had named Gas Authority of India as a company seeking better terms.
US Cove Point LNG project owner Dominion says regulator moves on Atlantic Coast Pipeline
Dominion Energy, whose midstream unit owns the Cove Point LNG export project on Chesapeake Bay in Maryland, said regulators had issued a final Environmental Impact Statement for the Atlantic Coast Pipeline to ship natural gas.
Dominion name change
Feb 7 (LNGJ) - Dominion Resources Inc., the US natural gas and utility company and owner of the Cove Point LNG export project in the state of Maryland, intends to change its name to Dominion Energy in recognition of its focus on the evolving energy marketplace. The company, based in Richmond, Virginia, also unveiled a new logo. “Dominion above all else is an energy company, committed to serving our customers safely and dependably,” said Thomas F. Farrell II, Chairman, President and Chief Executive. “Our company and our employees are proud of the work we have done in delivering energy for 119 years and of the reputation we have built through reliable and affordable service throughout the 18 states where we do business,” added Farrell.
US Cove Point LNG is three-quarters complete and on schedule to supply India and Japan
Dominion Resources said its Cove Point liquefied natural gas export plant on Chesapeake Bay in the state of Maryland was three-quarters built and on schedule for coming on stream in 2017 to supply customers from Japan and India.
