On Feb. 27, Standard&Poor's noted that Dominion Resources Inc.'s (BBB+/Stable/A-2) intention to acquire the State Line 515 MW coal-fired generation facility in Indiana from Mirant Corp. for about $182 million, will not result in any change to the ratings or outlook of either Dominion or Mirant. For Dominion, the acquisition complements its domestic energy strategy and will be funded initially with existing sources of cash and credit. Ultimately, the purchase will be funded with corporate debt and equity. Dominion's business risk will not be meaningfully altered, because State Line has a good operating strategy and provides power under contract to Commonwealth Edison Co., which assumes the fuel supply and price risk, through 2012. In addition, because Dominion already
