RICHMOND, Va. – Dominion (NYSE: D) announced Wednesday
the sale of 150 acres containing three salt caverns in Cameron Parish, Louisiana.
The natural gas storage project was sold to a partnership consisting of Sempra
Pipelines & Storage, a unit of Sempra Energy (NYSE: SRE), and ProLiance
Transportation and Storage, LLC, the asset development and ownership affiliate
of ProLiance Energy, LLC.
Dominion is one of the nation’s largest operators of
underground natural gas storage facilities, with nearly all of that storage
in the Northeast and Midwest market areas. Other terms of the sale were not
disclosed.
Dominion is one of the nation's largest producers of energy,
with a portfolio of about 28,000 megawatts of generation, about 6.3 trillion
cubic feet equivalent of proved natural gas reserves and 7,800 miles of natural
gas transmission pipeline. Dominion also operates one of the nation's largest
underground natural gas storage systems with about 950 billion cubic feet of
storage capacity and serves retail energy customers in ten states. For more
information about Dominion, visit the company's Web site at http://www.dom.com.
