Dominion Resources Inc. (NYSE:D) that it has issued a notice of redemption for its 2009 series A 8.375% enhanced junior subordinated notes regarding the redemption of all of the outstanding $685 million aggregate principal amount of the junior subordinated notes. The redemption date of the notes will be Oct. 15, 2014, and the redemption price will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.17 per $25.
The paying agent for the redemption of the Junior Subordinated Notes is Deutsche Bank Trust Company Americas, c/o DB Services Americas, Inc., 5022 Gate Parkway, Suite 200, Jacksonville, Florida 32256.
The redemption is being made pursuant to redemption provisions of the notes. Dominion plans to fund the redemption with the proceeds of its registered offering of 2014 series A enhanced junior subordinated notes.
Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 23,600 megawatts of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline, and 6,400 miles of electric transmission lines.