Dominion Resources subsidiary Dominion Midstream Partners LP, on Monday filed an S-1 with the U.S. Securities and Exchange Commission ahead of its proposed IPO.
This natural gas infrastructure company will deal mainly with the Cove Point liquefied natural gas facility planned as an expansion in the state of Maryland. The $3.8 billion project would add natural gas liquefaction and export facilities to the existing plant, which was first constructed in the late 1970’s.
The symbol for the new company will be “DM” on the New York Stock Exchange
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The Natural Gas activities at Cove Point are thanks to the increased Natural Gas output from nontraditional domestic resources, and there are many emerging investment opportunities, not only in midstream, but upstream too.