Dominion forward-sells shares to obtain equity on demand

Dominion expects to use this equity capital to complete the purchase of the Kewaunee nuclear plant in Wisconsin, for which it has offered $220 million. The capital will also fund the proposed acquisition of three power plants from USGen New England (see story, September 8). The company also intends to use the cash to continue its buyout of additional over-market power supply contracts at its Dominion Virginia Power subsidiary.

Merrill agreed to borrow and sell 10 million Dominion shares – from

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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