Dominion Energy to sell West Virginia natural gas utility to Ullico for $690m

Dominion Energy to sell West Virginia natural gas utility to Ullico for $690m

Dominion Energy has signed a deal worth $690 million to divest Hope Gas (Dominion Hope or Dominion Energy West Virginia or DEWV), its West Virginia natural gas utility, to Ullico’s infrastructure fund. Based in Clarksburg, Dominion Energy West Virginia is claimed to have 111,000 customers. It boasts of 3,200 miles of gas distribution pipelines and […]

American Water Works sells Michigan utility operations to Ullico

American Water Works sells Michigan utility operations to Ullico

American Water Works Company has wrapped up the previously announced $6 million sale of its utility operations in Michigan to Ullico’s infrastructure business, through its portfolio company, Triton Utilities. The divested Michigan utility operations of American Water Works consist of nearly 5,000 customer connections and a population of around 12,000 people in five townships across […]