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Dominion Confirms No Buyer Yet Selected for Competitive Retail Electric Book
Dominion confirmed to EnergyChoiceMatters.com that it has not yet selected a buyer for the competitive retail electric book of Dominion Retail
EnergyChoiceMatters.com first reported on Friday that Dominion had decided to exit the competitive retail electric business through a sale of its book. Dominion had said that it had already started the sale process, which was described as a months-long sale process. It was not initially clear whether the process had already identified a buyer, and the months-long process was only to secure regulatory approval and closing conditions, or whether Dominion was still searching for a buyer as part of the process.
Dominion has now confirmed to EnergyChoiceMatters.com that, "Potential buyers have not yet been identified, but we plan to close on the sale in the next several months."
Dominion Retail's electric book has about 683,000 customers.
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February 4, 2014
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Copyright 2010-13 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
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