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Dominion Resources offering $750M of common stock

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Dominion Resources offering $750M of common stock

DominionResources Inc. said it is selling 10,200,000 shares of common stockthrough a registered underwritten public offering to Citigroup, for about $750million of gross proceeds. The offering is expected to close April 8, subjectto customary closing conditions.

The net proceeds from the offering will be used for generalcorporate purposes, including to fund in part Dominion's with Questar Corp. and to repay short-term debt includingcommercial paper, according to an April 4 statement.

Citigroup, the sole underwriter in the offering, proposes tooffer the shares for sale from time to time in one or more transactions on theNYSE, in the over-the-counter market, through negotiated transactions orotherwise.