Dominion Announces Redemption Of 2009 Enhanced Junior Subordinated Notes

RICHMOND, Va., Sept. 24, 2014 /PRNewswire/ -- Dominion Resources, Inc. (NYSE: D), announced today that it has issued a notice of redemption for its 2009 Series A 8.375% Enhanced Junior Subordinated Notes (NYSE: DRU) (the Junior Subordinated Notes) regarding the redemption of all of the outstanding $685 million aggregate principal amount of the Junior Subordinated Notes. The redemption date of the Junior Subordinated Notes will be Oct. 15, 2014, and the redemption price of the Junior Subordinated Notes will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.17 per $25.

The Paying Agent for the redemption of the Junior Subordinated Notes is Deutsche Bank Trust Company Americas, c/o DB Services Americas, Inc., 5022 Gate Parkway, Suite 200, Jacksonville, Florida 32256.

The redemption is being made pursuant to redemption provisions of the Junior Subordinated Notes. Dominion plans to fund the redemption with the proceeds of its registered offering of 2014 Series A Enhanced Junior Subordinated Notes.

Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 23,600 megawatts of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline, and 6,400 miles of electric transmission lines. Dominion operates one of the nation's largest natural gas storage systems with 947 billion cubic feet of storage capacity and serves utility and retail energy customers in 10 states.

This Dominion news release includes certain "forward-looking information." Examples include information as to expectations, beliefs, plans, goals, objectives and future financial or other performance or assumptions concerning matters discussed in this release. Our business is 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 or estimate precisely.  We have identified and will in the future identify in our SEC Reports on Forms 10-K and 10-Q a number of factors that could cause actual results to differ from those in the forward-looking statements. We refer you to those discussions for further information. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made.

SOURCE Dominion

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