Dominion provides update on asset sale process

By Zlatan Hrvacevic Dominion Energy has just released the latest update related to the pending sale of its gas transmission and storage assets to an affiliate of Berkshire Hathaway Inc.

In early July, Dominion announced the agreement to sell all of its gas transmission & storage segment assets including a 25 per cent stake in the Cove Point LNG plant to a unit of the Warren Buffet-led Berkshire Hathaway.

According to the latest update, Dominion expects its transaction with Berkshire Hathaway Energy, exclusive of Questar Pipelines, to close around November 1, 2020. As consideration for that transaction, the company will receive approximately $2.7 billion in

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