Bloomberg News

Dominion to Buy 20-Megawatt Solar Project in California From EDF

June 19, 2014

Dominion Resources Inc. (D:US), the third-largest U.S. utility owner, agreed to buy a 20-megawatt solar farm in central California from a U.S. unit of French utility Electricite de France SA.

The CID solar project near the city of Corcoran will deliver power to Pacific Gas & Electric Co. under a 20-year contract, San Diego-based EDF Renewable Energy said today in a statement. Terms weren’t disclosed.

With the deal, Richmond, Virginia-based Dominion owns 232 megawatts of solar capacity, including 159 megawatts under construction in California.

Duke Energy Corp. (DUK:US) and NextEra Energy Inc. (NEE:US) are the largest (DUK:US) U.S. utility owners by market value.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Jim Efstathiou Jr.


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Companies Mentioned

  • D
    (Dominion Resources Inc/VA)
    • $72.55 USD
    • 0.02
    • 0.03%
  • DUK
    (Duke Energy Corp)
    • $80.9 USD
    • 1.21
    • 1.5%
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