RICHMOND, Va., Oct. 19 /PRNewswire-FirstCall/ -- Dominion announced today that it has notified the New York Stock Exchange that it intends to voluntarily withdraw from listing and to deregister with the Securities and Exchange Commission the debt securities listed below (the "Debt Securities") of its former wholly owned subsidiary, Consolidated Natural Gas Company (CNG).
CNG merged into Dominion on June 30, 2007, and pursuant to the Second Supplemental Indenture, dated as of June 27, 2007, between Dominion, CNG and the Bank of New York, Trustee (the "Trustee") to Indenture dated as of April 1, 1995, between CNG and the Trustee and the Twenty-First Supplemental Indenture, dated as of June 27, 2007, between Dominion, CNG and the Bank of New York, Trustee (the "Trustee") to Indenture dated as of May 1, 1971, between CNG and the Trustee, Dominion assumed CNG's obligations under the Debt Securities. Due to the assumption and the fact that none of Dominion's other debt securities are listed on an exchange, Dominion is taking the action to delist the Debt Securities, which it expects to become effective in October 2007. The Board of Directors of Dominion approved these securities to be deregistered in May 2007. After the delisting, the holders of the Debt Securities will continue to deal with and receive their interest payments through the trustee, The Bank of New York. The Debt Securities will not be listed on another national securities exchange.
The Debt Securities to be delisted are: -- The 6.0% Debentures due October 15, 2010 (Symbol: D/10), -- The 6.8% Debentures due December 15, 2027 (Symbol: D/27), -- The 6.625% Debentures due December 1, 2008 (Symbol: D/08), -- The 6.875% Debentures due October 15, 2026 (Symbol: D/26), and -- The 6.625% Debentures due December 1, 2013 (Symbol: D/13).
