What is the purpose of the new Form S-3 registration statement?

The Form S-3 registration statement allows Dominion Resources, Inc. to register for the future sale of various debt and equity securities. This provides the company with the flexibility to raise capital as needed for its operations, investments, or other corporate purposes without having to file a new registration statement each time.

What is an "at the market" offering, and why is Dominion using it?

An "at the market" offering allows a company to sell its stock over time through one or more stock exchanges at prevailing market prices. Dominion is using this method to efficiently raise up to $500 million in common stock, likely to fund ongoing capital expenditures, manage its debt, or pursue growth opportunities in a flexible manner.

Who are the Sales Agents, and what is their role?

The Sales Agents are BNY Mellon Capital Markets, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., and Morgan Stanley & Co. LLC. They act as intermediaries, facilitating the sale of Dominion's common stock in the "at the market" offering by finding buyers and executing the transactions on behalf of the company.

Does this mean Dominion is issuing new stock immediately?

Not necessarily. The registration statement and sales agency agreements create the framework for potential future stock sales. Dominion may choose to sell shares immediately or at any point in the future, depending on its capital needs and market conditions. The company is not obligated to sell any shares under this program.

D 8-K SEC Disclosure — Dec 19, 2014

Summary

Dominion Resources, Inc. (now Dominion Energy, Inc.) filed an 8-K on December 19, 2014, to announce the effectiveness of a new shelf registration statement on Form S-3. This filing allows the company to issue various debt and equity securities in the future to meet its capital requirements. This new registration statement replaces a previous one. In conjunction with the new registration, Dominion also entered into Sales Agency Agreements with BNY Mellon Capital Markets, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., and Morgan Stanley & Co. LLC. These agreements enable the company to conduct "at the market" offerings of up to $500 million of its common stock. This program continues and replaces an expiring one, with $500 million remaining from the prior program being incorporated into this new one. The "at the market" sales can occur through various methods, including on the New York Stock Exchange.

Key Highlights

1Dominion Resources, Inc. filed a new shelf registration statement (Form S-3) allowing for future issuance of debt and equity securities.
2The new registration statement replaces an existing one, indicating an ongoing need for capital access.
3The company entered into Sales Agency Agreements with four major financial institutions.
4These agreements permit "at the market" offerings of up to $500 million in common stock.
5The "at the market" program includes $500 million remaining from a previous expiring program.
6Sales can be made directly on the NYSE or through other legally permitted channels, including market makers.
7This action signals Dominion's proactive approach to managing its capital structure and funding future growth or obligations.

DOMINION ENERGY, INC 8-K Report, Corporate Update (Dec 19, 2014)

Summary

Key Highlights

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