Dominion Energy announced several initiatives that it said would materially improve its near-term credit profile.

Among these is that Dominion Energy will, "pursue the divestiture of non-core assets that could include the company's interest in Blue Racer Midstream, an unregulated natural gas gathering and processing joint venture focused on the Utica natural gas basin."

Apart from the company's interest in Blue Racer Midstream, Dominion Energy did not specifically identify any other non-core assets that may potentially be sold under the initiative

Dominion Energy will also pursue a debt financing of the Cove Point liquefied natural gas facility this year and utilize the proceeds to reduce parent-level debt.

"In combination with the capital investment reductions previously announced and new equity, these actions would allow Dominion Energy to achieve its target parent leverage ratio two years ahead of plan and complete its planned equity issuance for 2018 and 2019 (other than issuance under the existing dividend reinvestment program and common shares issued directly to SCANA shareholders under terms of the companies' proposed merger)," Dominion said

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