Arc Light Capital Partners acquired a minority stake in Catalyst Old River form Dominion Energy.

Arc Light Capital Partners acquired a 25% minority stake in Catalyst Old River form Dominion Energy. Financial terms were not disclosed. Thomas F. Farrell, II, Dominion Energy chairman, president and chief executive officer, said: "We are pleased with these results from our non-core asset sales. The total proceeds exceed the midpoint of our previously issued guidance range of $1.0 to $1.5 billion. These actions demonstrate our commitment to the company's credit profile and represent the successful completion of the credit improvement initiatives that we announced in March. We appreciate the opportunity to have worked with Starwood Energy and know that it will benefit greatly from the continued efforts of the plant employees who have delivered best-in-class performance at Fairless and Manchester Street."