Key Developments: Dominion Resources Inc (D.N)
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Latest Key Developments (Source: Significant Developments)
Dominion Resources Inc Acquires Three Solar Projects In Indiana
Dominion Resources Inc announced that it has acquired three solar-power development projects near Indianapolis, Ind., from Sunrise Energy Ventures. Full Article
Dominion Resources Inc Announces Pricing Of Equity Units
Dominion Resources Inc announced that it has priced its offerings of 10 million 2013 Series A equity units and 10 million 2013 Series B equity units. Each 2013 Series A equity unit will be issued in a stated amount of $50 ($500 million aggregate stated amount) and will consist of a contract to purchase common stock in the future and a 1/20 undivided beneficial ownership interest in Dominion's 2013 Series A 1.07% remarketable subordinated notes due 2021 having a principal amount of $1,000. The 2013 Series A equity units are subject to remarketing to commence no earlier than December 30, 2015. Each 2013 Series B equity unit will be issued in a stated amount of $50 ($500 million aggregate stated amount) and will consist of a contract to purchase common stock in the future and a 1/20 undivided beneficial ownership interest in Dominion's 2013 Series B 1.18% remarketable subordinated notes due 2019 having a principal amount of $1,000. The 2013 Series B equity units are subject to remarketing to commence no earlier than March 30, 2016. The offerings are expected to close on June 7, 2013. Full Article
Dominion Resources Inc Declares Quarterly Dividend Of 56.25 Cents
Dominion Resources Inc announced that Board Of Directors has declared a quarterly dividend of 56.25 cents per share of common stock. Dividends are payable on June 20, 2013, to shareholders of record at the close of business June 7, 2013. Full Article
Dominion Resources Inc Reaffirms FY 2013 EPS Guidance; Issues Q2 2013 EPS Guidance
Dominion Resources Inc announced that it expects second-quarter 2013 operating earnings in the range of 60 cents per share to 70 cents per share. The Company affirmed fiscal 2013 operating earnings guidance of $3.20 to $3.50 per share. Full Article
Dominion Resources Inc To Sell Three Power Plants-Reuters
Reuters reported that Dominion Resources Inc said it had struck a deal to sell three power plants, one in Massachusetts and two in Illinois, to funds controlled by private equity firm Energy Capital Partners. The sale is expected to close in the second quarter of 2013 and generate after-tax proceeds of about $650 million, including cash tax benefits, Dominion said in a statement. The Company, which did not disclose how much Energy Capital Partners was paying for the plants, said it plans to invest the proceeds in its regulated businesses and reduce its debt needs. Full Article
Dominion Resources Inc Reaffirms FY 2013 EPS Guidance
Dominion Resources Inc reaffirmed its fiscal 2013 operating earnings guidance of $3.20 to $3.50 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.37 for fiscal 2013. Full Article
Dominion Resources Inc Declares Quarterly Dividend Of 56.25 Cents
Dominion Resources Inc announced that it has declared a quarterly dividend of 56.25 cents per share of common stock. Dividends are payable on March 20, 2013, to shareholders of record at the close of business Feb. 28, 2013. Full Article
Dominion Resources Inc Acquires Fuel-Cell Generator In North America
Dominion Resources Inc announced that it purchased a 15-megawatt (MW), natural gas-powered fuel cell generating project that had been under development for more than four years. The Connecticut Post reported the value of the project at $125 million. Full Article
Dominion Resources Inc, Caiman Energy II To Form Blue Racer Midstream, $1.5 Billion Joint Venture To Develop Utica Shale Midstream Assets
Dominion Resources Inc and Caiman Energy II, LLC, (Caiman) have announced they are forming a $1.5 billion joint venture to provide midstream services to natural gas producers operating in the Utica shale in Ohio and portions of Pennsylvania. The companies expect to close on the joint venture by the end of the year. The joint venture, Blue Racer Midstream, LLC, will be an equal partnership between Dominion and Caiman, with Dominion contributing midstream assets and Caiman contributing private equity capital. The joint venture will leverage Dominion's existing presence in the Utica with additional new capacity designed to meet producer needs as the Utica shale acreage is developed. Midstream services offered will include gathering, processing, fractionation, and natural gas liquids transportation and marketing. Full Article
Dominion Declares Quarterly Dividend
Dominion announced that its Board of Directors declared a quarterly dividend of $0.5275 cents per share of common stock. Dividends are payable on December 20, 2012, to shareholders of record November 30, 2012. Full Article
Exxon CEO says delays in gas export permits hurt U.S.
WASHINGTON - Delays in approval of more natural gas export projects are costing U.S. companies millions of dollars a day and giving a leg up to rival countries also looking to boost exports, the chief of Exxon Mobil Corp said on Thursday.

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