Dominion News

Dominion Announces Filing of Registration Statement for Dominion Midstream Partners, LP Initial Public Offering

Mar 31, 2014

RICHMOND, Va., March 31, 2014 /PRNewswire/ -- Dominion Resources, Inc. ("Dominion") (NYSE: D) announced today that one of its wholly-owned subsidiaries, Dominion Midstream Partners, LP ("Dominion Midstream"), has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to its proposed initial public offering of common units representing limited partner interests.  Dominion Midstream was formed to own, operate and develop natural gas infrastructure assets.  Dominion Midstream's initial asset is expected to consist of a preferred equity interest in Dominion Cove Point LNG, LP, which owns and operates liquefied natural gas import, storage, regasification and transportation assets.

The number of common units to be offered and the price range for the offering have not been determined.  Dominion Midstream intends to apply for a listing of the common units on the New York Stock Exchange under the symbol "DM."  Dominion will own the general partner of Dominion Midstream and all of its incentive distribution rights and expects to retain a majority of Dominion Midstream's units representing limited partner interests.

Barclays Capital Inc. and Citigroup Global Markets Inc. will act as the joint book-running managers for the proposed offering.  The offering of common units will be made only by means of a prospectus.  A copy of the preliminary prospectus relating to this offering may be obtained, when available, from:

Barclays Capital Inc.                       

Citigroup Global Markets Inc.

c/o Broadridge Financial Solutions  

c/o Broadridge Financial Solutions

1155 Long Island Avenue                 

1155 Long Island Avenue

Edgewood, New York 11717              

Edgewood, New York 11717

barclaysprospectus@broadridge.com  

batprospectusdept@citi.com

Toll-Free: (888) 603-5847                     

Toll-Free: (800) 831-9146

To obtain a copy of the preliminary prospectus free of charge, visit the SEC's website and search under "Dominion Midstream Partners, LP."

A registration statement relating to these securities has been filed with the SEC but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This release contains certain forward-looking statements that are based on current plans and expectations and are subject to various risks and uncertainties.  Our business and any offering may be influenced by many factors that are difficult to predict, involve uncertainties that may materially affect actual results and are often beyond our ability to control.  These factors include, but are not limited to, changes to business plans as circumstances warrant and limited partner interests of Dominion Midstream may not ultimately be offered to the public because of general market conditions or other factors.  For a full discussion of these risks and uncertainties, please refer to the "Risk Factors" section of the Registration Statement on Form S-1 filed and the information included in subsequent filings made with the SEC.  We refer you to those discussions for further information.

SOURCE Dominion

For further information: Media: Ryan Frazier, (804) 819-2521 or C.Ryan.Frazier@dom.com, Financial analysts: Nathan Frost, (804) 819-2187 or Nathan.J.Frost@dom.com


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