Dominion Selling WV Utility – Deal Incl. 2K Miles Gathering Pipes
Dominion Energy is divesting itself from a natural gas utility company it owns in West Virginia--Hope Gas, Inc. Dominion is selling Hope to investment firm Ullico Inc. for $690 million. Ullico plans to combine Hope Gas with another company it owns, Hearthstone Utilities, Inc. The reason this deal caught our attention is that Hope Gas owns and operates "2,000 miles of gathering pipelines" in the Mountain State.
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