Dominion Energy launches new debt program
Dominion Energy announced the public launch of a new financing program, Dominion Energy Reliability Investment, allowing qualified investors the opportunity to invest directly in new debt that will be issued by the company.
Dominion Energy Reliability Investment will pay a floating rate of interest competitive with other short-term cash investments. These rates will be determined on a weekly basis.
Under the program, Dominion Energy will use the net proceeds of the sale of the notes to finance capital expenditures and future acquisitions and to retire or redeem debt securities issued by the company and for other general corporate purposes, which may include the repayment of short-term debt.
All investors must have a minimum balance of at least $1,000, and a qualified individual’s total investment balance at any time may not exceed $1.25 million. There are no maintenance fees for investing in the notes program or charges for redemption checks.
The notes are debt of Dominion Energy and are not the equivalent of a deposit or other bank account nor a money market fund; they are not insured by the FDIC or subject to the requirements of the Investment Company Act regarding diversification and quality of investments in money market funds.
Potential investors may request a copy of the Dominion Energy Reliability Investment prospectus by downloading it at www.dominionenergy.com/DERI; by calling, toll-free, (866) 876-0001; or by writing Dominion Energy Reliability Investment, P.O. Box 75713, Chicago, Illinois 60675-5713.