You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Dominion sells Brayton Point Power Station

Dominion, a Virginia-based energy company, closed its deal to sell the Brayton Point Power Station in Somerset and two Illinois plants to Energy Capital Partners, a private equity firm with offices in New Jersey and California.

Energy Capital Partners paid $472 million for the three properties, said Dan Genest, a Dominion spokesman. Dominion would not disclose the sale price of Brayton alone.

Continue reading below

The sale is part of Dominion’s strategy to exit the merchant power business, in which generators sell electricity in competitive markets, to focus on its regulated utility holdings.

Dominion had owned the coal-fired, 1,528-megawatt Brayton power station since 2005.

Last summer, Dominion sold the coal- and oil-fired Salem Harbor Power Station in Salem to Footprint Power LLC of New Jersey. Footprint said it plans to convert the plant to cleaner-burning natural gas.

Energy Capital partners could not be reached for comment.

Emily Overholt can be reached at emily.overholt@globe.com. To find her on Twitter follow @emilyoverholt
Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.