Dominion Energy raises US$1.4bn

摘要

The change in US tax rates and allowances has hit utilities hard, with dominion energy one of those left rethinking its strategy. Highly levered and increasingly an owner of regulated businesses, the utility is exploring options to shed assets and accelerate deleveraging goals. The expected plan to drop assets down to its master limited partnership Dominion Energy Midstream Partners (DM) has been scuppered by a change in tax treatment.