Dominion plans 18M-unit offering

|About: Dominion Resources, Inc. (D)|By:, SA News Editor

Dominion (D) says it plans to offer to sell 18M equity units; each unit will be issued in a stated amount of $50 and will consist of a contract to purchase common stock in the future and a 1/20 undivided beneficial ownership interest in a re-marketable subordinated note having a principal amount of $1,000.

D says it intends to use the proceeds for general corporate purposes and to fund its growth plan, including the Cove Point liquefaction project.