Blog Post
Dominion Energy Completes Equity Recapitalization of Cove Point
info • December 23, 2019
Dominion Energy announced on Friday it completed the transfer of a 25 percent non-controlling equity interest in Cove Point to Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc. in exchange for $2.1 billion – as previously announced on Oct. 21, 2019.
Dominion Energy Cove Point LNG owns the LNG import, export and storage facility located on the western shore of the Chesapeake Bay in Lusby, Maryland. This includes a 136-mile pipeline that interconnects the facility with the interstate pipeline system.
The Dominion Energy Cove Point LNG facility has a nameplate capacity of 5.25 mtpa of LNG.
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