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Dominion, Caiman Energy II To Form Blue Racer Midstream, $1.5 Billion Joint Venture To Develop Utica Shale Midstream Assets

Stocks in this article: DWMBWPZ

UBS Investment Bank served as sole advisor to Dominion. Barclays and Citi acted as financial advisors to Caiman Energy.

About Caiman Energy II, LLC

Caiman Energy II, LLC is a midstream energy company focused on the design, construction, operation and acquisition of midstream assets. The company is currently focused on midstream projects in the Utica shale and serves producers by providing natural gas and condensate gathering, compression, dehydration, measurement, treating and conditioning, processing, liquids transportation and fractionation services.  Caiman Energy II is backed by equity commitments from Williams Partners (NYSE: WPZ), EnCap Flatrock Midstream of San Antonio, Highstar Capital of New York, and management.  For more information, visit www.CaimanEnergy.com.

About Dominion

Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 27,400 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,300 miles of electric transmission lines.  Dominion operates one of the nation's largest natural gas storage systems with 947 billion cubic feet of capacity and serves retail energy customers in 15 states. For more information about Dominion, visit the company's website at www.dom.com.

This Dominion news release includes certain "forward-looking information".  Examples include information as to expectations, beliefs, plans, goals, objectives and future financial or other performance or assumptions concerning matters discussed in this release.  Our business is influenced by many factors that are difficult to predict, involve uncertainties that may materially affect actual results and are often beyond our ability to control or estimate precisely.  We have identified and will in the future identify in our SEC Reports on Forms 10-K and 10-Q a number of factors that could cause actual results to differ from those in the forward-looking statements. We refer you to those discussions for further information.  Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made.

SOURCE Dominion

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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