Dominion expects to use this equity capital to complete the purchase of the Kewaunee nuclear plant in Wisconsin, for which it has offered $220 million. The capital will also fund the proposed acquisition of three power plants from USGen New England (see story, September 8). The company also intends to use the cash to continue its buyout of additional over-market power supply contracts at its Dominion Virginia Power subsidiary.

Merrill agreed to borrow and sell 10 million Dominion shares –