Dominion Midstream Partners Announces Upsizing, Pricing of Limited Partnership Units Offering

RICHMOND, Va., Oct. 31, 2016 /PRNewswire/ -- Dominion Midstream Partners, LP (NYSE: DM), a Delaware limited partnership and a subsidiary of Dominion Resources, Inc. (NYSE: D), announced today that it has priced its previously announced public offering of limited partnership units representing limited partner interests (common units) pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) at $23.20 per common unit. The size of the offering has been upsized from 12,000,000 common units to 13,500,000 common units. The underwriters have also been granted an option to purchase up to 2,025,000 additional common units (the option). Dominion Midstream expects the offering to close on Nov. 3, 2016, subject to customary closing conditions.

Dominion Midstream intends to use the net proceeds from this offering, including any net proceeds from the underwriters' exercise of their option, to fund a portion of the purchase price for the acquisition of all of the issued and outstanding membership interests of Questar Pipeline, LLC, from Dominion (the acquisition). This offering is not conditioned on the consummation of the acquisition. If the acquisition is not consummated, Dominion Midstream intends to use the net proceeds from this offering for general partnership purposes, which may include, among other things, debt repayment, acquisitions, capital expenditures and additions to working capital.

RBC Capital Markets, Barclays, J.P. Morgan, Mizuho Securities, BofA Merrill Lynch, Citigroup and UBS Investment Bank are acting as joint book-running managers for the offering.

This offering will be made only by means of a written prospectus. Copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from:

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

You may also obtain copies of the prospectus supplement and the accompanying base prospectus free of charge at the SEC's website, www.sec.gov, under the registrant's name "Dominion Midstream Partners, LP."

About Dominion Midstream
Dominion Midstream is a Delaware limited partnership formed by Dominion, to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets. It is headquartered in Richmond, Va.

This release contains certain forward-looking statements that are subject to various risks and uncertainties. Factors that could cause actual results to differ from those in the forward-looking statements may accompany the statements themselves. In addition, our business is influenced by many factors that are difficult to predict, involve uncertainties that may materially affect actual results and are often beyond our ability to control. These factors include, but are not limited to, financial market conditions and/or the anticipated benefits from the Acquisition that may take longer to realize than expected. We have identified and will in the future identify a number of additional generally applicable factors in our reports on Forms 10-K, 10-Q and 8-K filed with the U.S. Securities and Exchange Commission. We refer you to those discussions for further information.

SOURCE Dominion Midstream Partners

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