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The Boston Globe

Business

Dominion sells Brayton Point power station

Part of plan to divest wholesale coal-fired plants

Dominion, a Virginia-based energy company, said Monday it plans to sell three power stations, including Brayton Point Power Station in Somerset, as part of its strategy to divest coal-fired power plants.

Dominion said it will sell Brayton and two other power plants to Energy Capital Partners, a private equity firm with offices in New Jersey and California, to generate a combined $650 million in after-tax proceeds. Dominion would not disclose the sale price of Brayton alone.

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