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Equitable to Buy Dominion Utilities
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Equitable Resources(EQT Quote) signed a definitive agreement to acquire two natural gas utilities fromDominion Resources(D Quote) for $970 million.
Equitable Resources will buy Domnion Peoples, a Pittsbugh-based utility, and Dominion Hope, based in West Virginia.
The cash transaction is expected to close by the first quarter of 2007. ...
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