Dominion Announces Plan To Delist Assumed CNG Debt Securities
RICHMOND, Va. – Dominion (NYSE: D) announced today that it has
notified the New York Stock Exchange that it intends to voluntarily withdraw
from listing and to deregister with the Securities and Exchange Commission
the debt securities listed below (the “Debt Securities”) of its
former wholly owned subsidiary, Consolidated Natural Gas Company (CNG).
CNG
merged into Dominion on June 30, 2007, and pursuant to the Second Supplemental
Indenture, dated as of June 27, 2007, between Dominion, CNG and the Bank of
New York, Trustee (the “Trustee”) to Indenture dated as of April
1, 1995, between CNG and the Trustee and the Twenty-First Supplemental Indenture,
dated as of June 27, 2007, between Dominion, CNG and the Bank of New York,
Trustee (the “Trustee”) to Indenture dated as of May 1, 1971, between
CNG and the Trustee, Dominion assumed CNG’s obligations under the Debt
Securities. Due to the assumption and the fact that none of Dominion’s
other debt securities are listed on an exchange, Dominion is taking the action
to delist the Debt Securities, which it expects to become effective in October
2007. The Board of Directors of Dominion approved these securities to be deregistered
in May 2007. After the delisting, the holders of the Debt Securities
will continue to deal with and receive their interest payments through the
trustee, The Bank of New York. The Debt Securities will not be listed
on another national securities exchange.
The Debt Securities to be delisted
are:
The 6.0% Debentures due October
15, 2010 (Symbol: D/10),
The 6.8% Debentures due December 15, 2027 (Symbol:
D/27),
The 6.625% Debentures due December 1, 2008 (Symbol: D/08),
The 6.875%
Debentures due October 15, 2026 (Symbol: D/26), and
The 6.625% Debentures
due December 1, 2013 (Symbol: D/13).
