Dominion Completes Acquisition of Cove Point LNG Limited Partnership.Business Editors RICHMOND, Va.--(BUSINESS WIRE)--Sept. 5, 2002 Dominion (NYSE NYSE See: New York Stock Exchange : D) today completed its $217 million acquisition of Cove Point LNG LNG (liquefied natural gas): see under natural gas. Limited Partnership, owner of the nation's largest liquified natural gas import facility, from Williams (NYSE: WMB WMB Waste Management Board WMB Write Me Back WMB Wheaton Municipal Band (Wheaton, IL) WMB Waukegan Municipal Band (Waukegan, IL) WMB Websphere Message Broker ). The facility on the Chesapeake Bay near Baltimore is expected to reenter re·en·ter also re-en·ter v. re·en·tered, re·en·ter·ing, re·en·ters v.tr. 1. To enter or come in to again. 2. To record again on a list or ledger. v.intr. service next spring and provide 5 billion cubic feet of storage capacity and daily send-out capacity of 1 billion cubic feet. An additional 2.5 billion cubic feet of storage capacity is planned and expected to be in service by 2004. Dominion announced the agreement to acquire Cove Point last month. Dominion, headquartered in Richmond, Va., is one of the nation's largest energy companies. |
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