Dominion Resources Inc. (D) said that it has closed on the sale of Dominion Peoples, its Pennsylvania natural gas distribution company, to PNG Companies LLC, an affiliate of SteelRiver Infrastructure Fund North America.
The purchase price is about $780 million, adjusted for changes in working capital and levels of capital expenditures and affiliate borrowings.
Dominion plans to use after-tax proceeds of about $542 million to reduce debt.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.