Dominion energy says co to sell gas transmission, storage assets to berkshire hathaway energy

Press release - dominion energy agrees to sell gas transmission, storage assets to berkshire hathaway energy-- strategic repositioning toward 'pure-play' state-regulated, sustainability-focused utility operations.all-cash transaction valued at nearly $10 billion, including assumption of debt.divestiture expected to close in fourth quarter of 2020.cash proceeds expected to be used to repurchase shares.company's interest in atlantic coast pipeline is not included in transaction.company now expects 2020 operating earnings of $3.37 to $3.63 per share.expects 2021 operating earnings per share to grow around 10 to 11 percent over 2020.company now expects to target an approximately 65 percent payout ratio to be effective upon completion of transaction.
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