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FERC approves Dominion to sell two gas-fired plants to Starwood for $1.23B

The Federal Energy Regulatory Commission on Dec. 12 approved Dominion Energy Inc.'s application to sell two gas-fired, combined-cycle power plants in Pennsylvania and Rhode Island to affiliates of Starwood Energy Group Global LLC.

Dominion Energy applied with FERC for the approval of the transaction in October to sell its 1,240-MW Fairless Works combined-cycle power station in Bucks County, Pa., and the 468-MW Manchester Street combined-cycle power station in Providence County, R.I., for $1.23 billion, not including working capital.

Dominion Energy and Starwood Energy Group announced the sale agreement in September.

The Fairless Works facility sells power into the PJM Interconnection market, and Manchester Street supplies output to the ISO New England market. (FERC docket EC19-3)