Dominion Energy Announces Closing of Sale of Public Service Company of North Carolina
Dominion Energy (NYSE: D) has closed the sale of Public Service Company of North Carolina to Enbridge Inc. for approximately $3.2 billion. This marks the final transaction in a series of three gas utility sales to Enbridge, announced in September 2023, with a total enterprise value of about $14 billion. The sale is part of Dominion Energy's comprehensive business review, which has resulted in $18 billion in debt reduction and improved balance sheet.
CEO Robert M. Blue highlighted the successful closure of three separate transactions within 12 months, emphasizing employee protections for nearly 3,500 workers. Dominion Energy is also on track to close a deal selling a 50% noncontrolling interest in the Coastal Virginia Offshore Wind project to Stonepeak, expected to yield an additional $3 billion in debt reduction by year-end.
Dominion Energy (NYSE: D) ha chiuso la vendita della Public Service Company of North Carolina a Enbridge Inc. per circa 3,2 miliardi di dollari. Questo segna la transazione finale in una serie di tre vendite di utility gas a Enbridge, annunciate a settembre 2023, con un valore totale d'impresa di circa 14 miliardi di dollari. La vendita fa parte della revisione completa del business di Dominion Energy, che ha portato a una riduzione del debito di 18 miliardi di dollari e ha migliorato il bilancio.
Il CEO Robert M. Blue ha evidenziato la chiusura riuscita di tre transazioni separate in 12 mesi, sottolineando le protezioni per quasi 3.500 lavoratori. Dominion Energy è anche in fase di chiusura di un accordo per la vendita di un interesse non controllo del 50% nel progetto Coastal Virginia Offshore Wind a Stonepeak, che si prevede genererà ulteriori 3 miliardi di dollari in riduzione del debito entro la fine dell'anno.
Dominion Energy (NYSE: D) ha cerrado la venta de Public Service Company of North Carolina a Enbridge Inc. por aproximadamente 3.2 mil millones de dólares. Esto marca la transacción final en una serie de tres ventas de servicios públicos de gas a Enbridge, anunciadas en septiembre de 2023, con un valor total de empresa de alrededor de 14 mil millones de dólares. La venta es parte de una revisión integral del negocio de Dominion Energy, que ha resultado en una reducción de deuda de 18 mil millones de dólares y una mejora del balance.
El CEO Robert M. Blue destacó el cierre exitoso de tres transacciones separadas en 12 meses, enfatizando la protección de los empleados de casi 3,500 trabajadores. Dominion Energy también está en camino de cerrar un acuerdo para vender un interés no controlador del 50% en el proyecto Coastal Virginia Offshore Wind a Stonepeak, que se espera genere una reducción adicional de deuda de 3 mil millones de dólares para fin de año.
도미니언 에너지 (NYSE: D)는 노스 캐롤라이나 공공 서비스 회사를 엔브리지 Inc.에 약 32억 달러에 매각했습니다. 이는 2023년 9월에 발표된 엔브리지에 대한 세 번의 가스 공공 서비스 매각 중 최종 거래를 의미하며, 총 기업 가치는 약 140억 달러입니다. 이 매각은 도미니언 에너지의 종합적인 사업 검토의 일환으로, 180억 달러의 부채 감소 및 재무 상태 개선을 가져왔습니다.
CEO 로버트 M. 블루는 12개월 이내에 세 가지 개별 거래를 성공적으로 마친 것을 강조하면서 거의 3,500명의 근로자에 대한 보호 조치를 강조했습니다. 도미니언 에너지는 또한 스톤픽에게 Coastal Virginia Offshore Wind 프로젝트에 대한 50% 비지배 지분을 판매하는 거래를 마무리할 예정이며, 연말까지 30억 달러의 추가 부채 감소를 가져올 것으로 예상됩니다.
Dominion Energy (NYSE: D) a fermé la vente de la Public Service Company of North Carolina à Enbridge Inc. pour environ 3,2 milliards de dollars. Cela marque la dernière transaction dans une série de trois ventes de services publics de gaz à Enbridge, annoncées en septembre 2023, avec une valeur totale d'entreprise d'environ 14 milliards de dollars. La vente fait partie de la révision complète des activités de Dominion Energy, qui a entraîné une réduction de la dette de 18 milliards de dollars et une amélioration de son bilan.
Le PDG Robert M. Blue a souligné la clôture réussie de trois transactions distinctes en 12 mois, en mettant l'accent sur les protections des employés pour près de 3 500 travailleurs. Dominion Energy est également sur le point de finaliser un accord pour vendre un intérêt non contrôlant de 50% dans le projet Coastal Virginia Offshore Wind à Stonepeak, qui devrait générer une réduction de la dette supplémentaire de 3 milliards de dollars d'ici la fin de l'année.
Dominion Energy (NYSE: D) hat den Verkauf der Public Service Company of North Carolina an Enbridge Inc. für etwa 3,2 Milliarden Dollar abgeschlossen. Dies markiert die letzte Transaktion in einer Reihe von drei Gasversorgungsverkäufen an Enbridge, die im September 2023 angekündigt wurden, mit einem Gesamtunternehmenswert von etwa 14 Milliarden Dollar. Der Verkauf ist Teil einer umfassenden Geschäftsüberprüfung von Dominion Energy, die zu einer Schuldenreduzierung von 18 Milliarden Dollar und einer Verbesserung der Bilanz geführt hat.
CEO Robert M. Blue hob den erfolgreichen Abschluss von drei separaten Transaktionen innerhalb von 12 Monaten hervor und betonte die Mitarbeiterrechte für nahezu 3,500 Arbeiter. Dominion Energy ist außerdem auf dem Weg, einen Vertrag über den Verkauf einer 50% nicht beherrschenden Beteiligung am Projekt Coastal Virginia Offshore Wind an Stonepeak abzuschließen, was bis zum Jahresende eine weiteren Schuldenreduzierung von 3 Milliarden Dollar erwarten lässt.
- Closed sale of Public Service Company of North Carolina for $3.2 billion
- Completed $14 billion worth of gas utility sales to Enbridge
- Achieved $18 billion in debt reduction through business review
- On track for additional $3 billion debt reduction from Coastal Virginia Offshore Wind project sale
- Divestment of profitable gas utilities may impact future revenue streams
Insights
The closure of Dominion Energy's sale of Public Service Company of North Carolina to Enbridge for
Key takeaways:
- Debt reduction of
$18 billion achieved so far - Improved balance sheet to fund future clean energy projects
- Potential additional
$3 billion debt reduction from the pending Coastal Virginia Offshore Wind project stake sale
This strategic move allows Dominion to focus on its core regulated electricity business and clean energy initiatives. The substantial debt reduction enhances financial flexibility and positions the company for future growth in the evolving energy landscape. Investors should view this positively as it strengthens Dominion's long-term financial outlook and aligns with the industry trend towards cleaner energy solutions.
- Final of three gas utility closings as part of Enbridge transactions announced in September 2023
- Another major milestone in successful conclusion of company's top-to-bottom business review
Public Service Company of
This is the last of three separate transactions as part of an agreement the company and Enbridge announced on Sept. 5, 2023, whereby Dominion Energy would sell its
Robert M. Blue, chair, president and chief executive officer of Dominion Energy, said:
"Before announcing our intention to sell our high-performing gas distribution companies to Enbridge, we negotiated significant employee protections for nearly 3,500 outstanding workers who have set the standard for industry reliability, environmental and safety performance, customer service, and community engagement and who have now joined Enbridge. We're proud of that, and we're also proud of the fact that we were able to work collaboratively with Enbridge and regulators in five states to close three separate transactions in 12 months.
"Today's announcement represents another major milestone in the successful conclusion of a year-long, top-to-bottom business review that so far has resulted in
Dominion Energy is on track to close on its agreement to sell a
About Dominion Energy
Dominion Energy (NYSE: D), headquartered in
Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the anticipated closing of Dominion Energy's sale of a
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SOURCE Dominion Energy
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