Brookfield Asset Management to acquire a 25% stake in Cove Point from Dominion Energy for $2bn.

Brookfield Asset Management agreed to acquire a 25% stake in Cove Point, which owns a liquefied natural gas import, export and storage facility located on the western shore of the Chesapeake Bay, from Dominion Energy, an American power and energy company, for $2bn. "The agreement highlights the compelling intrinsic value of Cove Point and allows us to efficiently redeploy capital toward our robust regulated growth capital programs. We are very excited to have a highly respected infrastructure investor such as Brookfield as our partner in this world-class facility," Thomas F. Farrell, II, chairman, president and chief executive officer.