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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.