DOMINION SELLING NATURAL GAS CONSUMER ASSETS |
| (11/20/2009) |
| The Pennsylvania Public Utility Commission has approved the sale of Dominion Peoples, Pittsburgh's largest natural gas utility, to a San Francisco-based group. Richmond, Virginia based Dominion Resources Inc. agreed last year to sell Dominion Peoples and its sister utility, Dominion Hope in West Virginia for $940 million. The deal is contingent on West Virginia regulators approving the Dominion Hope sale. Dominion is attempting to get out of the consumer natural gas business.
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