Dominion Energy Inc. plans to offer up to $1 billion worth of its common stock from time to time, according to a prospectus filed March 1.
The company plans to use net proceeds from the sale of the common stock for general corporate purposes, including repayment of debt and funding capital expenditures.
Sales of the shares will be made through privately negotiated transactions, or by any other method or payment permitted by law deemed to be an "at the market" offering, including sales made directly on the New York Stock Exchange, or sales made to or through a market maker, or through an electronic communications network.
The offering program replaces the 2017 "at the market" program, which terminated in January upon the sale of the entire $500 million offering amount of the company's common stock.
The sales agents for the offering are Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc.
