AES Corp., an Arlington energy company, sold
its interests in two biomass-fired power plants, held
by its subsidiary AES Central Valley LLC, to Covanta
Holding Corp. for $51 million. The sale of the two California
plants was undertaken as a portfolio management move;
the company says it remains committed to investing in
renewable generation methods. (News release)
Dataline Holding Inc., a Norfolk-based
IT consulting services firm, sold its federal services
arm, Dataline Inc., to DLN Holdings
LLC, an affiliate of The White Group, a private equity
firm in Atlanta. Dataline Inc. will remain in
Norfolk . Dataline Holding will focus on the commercial
IT sector through Dataline Consulting
Services LLC. (News
release)
Dominion Resources Inc., an energy company headquartered
in Richmond , sold its offshore oil and gas interests
in the Gulf of Mexico to Eni Petroleum Co. Inc.,
a subsidiary of Italy
’s Eni SpA, for $4.8 billion. Dominion
has announced plans to refocus its business on electricity
generation and energy distribution. ( Richmond Times-Dispatch)
