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Dominion Energy Completes Acquisition of Remington Energy.


RICHMOND Richmond, cities, United States
Richmond.

1 City (1990 pop. 87,425), Contra Costa co., W Calif., on San Pablo Bay, an inlet of San Francisco Bay; inc. 1905.
, Va.--(BUSINESS WIRE)--April 1, 1999--Dominion Energy Inc. (NYSE NYSE

See: New York Stock Exchange
: D) announced late yesterday that it has completed its purchase of all of the issued and outstanding shares of Remington Energy Ltd., a publicly traded natural gas exploration and production company headquartered in Calgary, Alberta, Canada.

Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India.  Energy received tenders for approximately 93 percent of the outstanding Remington common shares on March 29, 1999. Dominion Energy has taken up and paid for such shares and, pursuant to statutory procedures, has acquired the remaining outstanding Remington shares. In conjunction with this acquisition, the board of directors of Remington has been reconstituted and now consists exclusively of representatives of Dominion Energy.

Dominion Energy is the natural gas and competitive power subsidiary of Dominion Resources Dominion NYSE: D (formerly Dominion Resources) is a power and energy company headquartered in Richmond, Virginia, USA, that supplies electricity, natural gas, or other energy services to homes in Virginia, West Virginia, Ohio, Pennsylvania, and eastern North Carolina.  Inc. (NYSE: D), a US $18 billion holding company also active in regulated electric power and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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It is headquartered in Richmond, Va.
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Publication:Business Wire
Geographic Code:1CANA
Date:Apr 1, 1999
Words:146
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