Dominion Midstream Partners Prices Initial Public Offering, $21/Shr

Dominion Midstream Partners, LP (Dominion Midstream), a Delaware limited partnership and a subsidiary of Dominion Resources, Inc. (Dominion)

, today announced the pricing of its initial public offering of 17,500,000 common units representing limited partner interests in Dominion Midstream at $21.00 per common unit pursuant to a Registration Statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (SEC). Dominion Midstream has also granted the underwriters a 30-day option to purchase up to an additional 2,625,000 common units at the initial public offering price. The common units are expected to begin trading on the New York Stock Exchange on Oct. 15, 2014 under the ticker symbol "DM." The offering is expected to close on or about Oct. 20, 2014, subject to customary closing conditions. Upon closing of the offering, the public will own 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 a 68.5 percent limited partner interest if the underwriters exercise in full their option to purchase additional common units, and 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.