Dominion Midstream Partners Launches Initial Public Offering

RICHMOND, Va., Oct. 6, 2014 /PRNewswire/ -- Dominion Midstream Partners, LP (Dominion Midstream), a Delaware limited partnership and a subsidiary of Dominion Resources, Inc. (Dominion) (NYSE: D), has launched its initial public offering of 17,500,000 common units representing limited partner interests pursuant to a Registration Statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (SEC). Dominion Midstream also expects to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 common units at the initial public offering price. Dominion Midstream has been approved to list its common units on the New York Stock Exchange under the ticker symbol "DM," subject to official notice of issuance.

The common units being offered represent a 27.4 percent limited partner interest in Dominion Midstream, or a 31.5 percent limited partner interest if the underwriters exercise in full their option to purchase additional common units. Dominion, through certain of its subsidiaries, will own the remaining 72.6 percent limited partner interest in Dominion Midstream, or 68.5 percent if the underwriters exercise in full their option to purchase additional common units, as well as the general partner of Dominion Midstream, which entity is the holder of all of Dominion Midstream's incentive distribution rights.

Barclays, Citigroup, J.P. Morgan, BofA Merrill Lynch, Goldman, Sachs & Co., UBS Investment Bank and Morgan Stanley are acting as joint book-running managers for the offering. RBC Capital Markets and Scotiabank / Howard Weil are acting as co-managers for the offering. The offering is being made only by means of a written prospectus. Once it becomes available, potential investors can obtain a prospectus that meets the requirements of Section 10 of the Securities Act of 1933 from:

Barclays
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Email: [email protected]  
Telephone: (888) 603-5847

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Email: [email protected] 
Telephone: (800) 831-9146

J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (866) 803-9204

The registration statement and, when available, the prospectus may be obtained free of charge, at the SEC's website, www.sec.gov, under the registrant's name, "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 the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Dominion Midstream
Dominion Midstream is a growth-oriented Delaware limited partnership formed on March 11, 2014, by Dominion to initially own all of the outstanding preferred equity interests in Dominion Cove Point LNG, LP, a Delaware limited partnership, which owns liquefied natural gas import, storage, regasification and transportation assets.

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, 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 Midstream Partners, LP

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