M&A Deal Summary

Dominion Energy Acquires Multitrade -The Hurt facility

On July 6, 2004, Dominion Energy acquired utilities company Multitrade -The Hurt facility from Multitrade Of Pittsylvania

Acquisition Highlights
  • This is Dominion Energy’s 2nd transaction in the Utilities sector.
  • This is Dominion Energy’s 5th transaction in the United States.
  • This is Dominion Energy’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2004-07-06
Target Multitrade -The Hurt facility
Sector Utilities
Buyer(s) Dominion Energy
Sellers(s) Multitrade Of Pittsylvania
Deal Type Divestiture

Target

Multitrade -The Hurt facility

Virginia, United States
Multitrade -The Hurt facility is an approximately 80-megawatt, wood-burning generating facility.

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Buyer(S) 1

Buyer

Dominion Energy

Richmond, Virginia, United States
Category Company
Founded 1983
Sector Utilities
Employees17,700
Revenue 14.4B USD (2023)
DESCRIPTION
Dominion's corporate headquarters in downtown Richmond, Virginia.
Dominion's corporate headquarters in downtown Richmond, Virginia.

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was founded in 1983 and is based in Richmond, Virginia.

DEAL STATS #
Overall 5 of 27
Sector (Utilities) 2 of 7
Type (Divestiture) 3 of 20
State (Virginia) 2 of 5
Country (United States) 5 of 27
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-05 Cove Point LNG Limited Partnership

United States

Cove Point LNG Limited Partnership, a liquified natural gas import facility.

Buy $217M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-30 Chickahominy -Chesapeake Generating Facility

United States

Chesapeake Generating Facility is a 310-megawatt, gas-fired electric generating station in Chesapeake.

Buy -

Seller(S) 1

SELLER

Multitrade Of Pittsylvania

Hurt, Virginia, United States
Category Company
Founded 1992
Sector Utilities
DESCRIPTION

Multitrade Of Pittsylvania Co. provides electricity generation and distribution services.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
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