The agreement is subject to regulatory approvals in Pennsylvania and west Virginia as well as clearance under the federal Hart-Scott-Rodino Act and under the Exon-Florio provision of the Omnibus Trade and Competitiveness Act.
Thomas Farrell II, chairman, president and CEO of Dominion, said: Dominion Peoples and Dominion Hope are well-run utilities with highly skilled employees and excellent assets serving outstanding communities. We look forward to working with Babcock & Brown Infrastructure Fund North America to make this a smooth and timely transition for everyone involved.
