(Reuters) - "The majority of the debt that was issued by Consolidated
Natural Gas is expected to be retired this month," Moody's
said. Dominion Resources is selling most of its exploration and
production assets for about $13.9 billion of pretax proceeds,
part of which will be used for de-leveraging, Moody's said.
Dominion said in May that it was merging its Consolidated
Natural Gas unit into the parent holding company in an effort
to cut costs and streamline its corporate structure.
Read more at Reuters.com Mergers News
Natural Gas is expected to be retired this month," Moody's
said. Dominion Resources is selling most of its exploration and
production assets for about $13.9 billion of pretax proceeds,
part of which will be used for de-leveraging, Moody's said.
Dominion said in May that it was merging its Consolidated
Natural Gas unit into the parent holding company in an effort
to cut costs and streamline its corporate structure.
Read more at Reuters.com Mergers News
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