Dominion Energy (D) Tops Q3 EPS by 1c, Updates Guidance

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Go back to Dominion Energy (D) Tops Q3 EPS by 1c, Updates Guidance

Dominion Energy (D) Agrees to Sell 50% Stake in Blue Racer Midstream LLC to Furst Reserve

November 1, 2018 8:23 AM EDT

First Reserve, a leading global private equity investment firm exclusively focused on energy, today announced an agreement to purchase Dominion Energy's (NYSE: D) 50% interest in Blue Racer Midstream, LLC ("Blue Racer" or "the Company), funded in part by equity from First Reserve Fund XIII and investment funds affiliated with First Reserve. The transaction is expected to close prior to year-end 2018, subject to regulatory approvals.

Blue Racer is a joint venture formed in December 2012 by Dominion and Caiman Energy II, LLC ("Caiman II") to own, operate, develop and acquire midstream assets in the... More