Seeking Alpha

Dominion Resources files for IPO of pipeline limited partnership

  • Dominion Resources (D -0.2%) says its Dominion Midstream Partners subsidiary filed to raise $400M via an IPO; the figure is a placeholder used to calculate fees and thus may change.
  • Dominion Midstream will receive preferred equity interest from Dominion'€™s Cove Point storage facility and pipeline in Maryland, whose customers include BP, Shell and Statoil, which pay annual fees to use the pipeline.
  • The subsidiary plans to apply to list its units on the NYSE under the symbol DM.
Comments (1)
  • user 13837182
    , contributor
    Comments (2) | Send Message
    I have a few shares of Dominion and I am wondering if this MLP will affect me in any way. I hate to get involved with an MLP because of the hassle of tax determination. Anybody ?
    31 Mar 2014, 12:25 PM Reply Like
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