Description: Request that SEC require developer of liquefied natural gas facilities to update registration statement to include certain information, including information about environmental risk and impact.
Letter to Securities and Exchange Commission Regarding Dominion Midstream Partners LP Registration Statement
Filing Date Type File Action Taken Summary 05/06/2014 Letter Download Letter submitted to SEC. The Chesapeake Climate Action Network and an individual shareholder in Dominion Resources, Inc. sent a letter to the U.S. Securities and Exchange Commission (SEC) asserting their belief that Dominion Midstream Partners LP, might have omitted or inadequately disclosed material information in a registration statement submitted to the SEC on March 28, 2014. The letter and the accompanying analysis identify the following areas as “potentially … characterized by lack of disclosure”: permitting and litigation delay risks for the company’s proposed liquefaction facility at its liquefied natural gas terminal on the Chesapeake Bay in Maryland; environmental risks and impacts associated with the LNG facility, including water drawdown, air and greenhouse gas mitigation risks, and climate change impacts to the facility; and risks related to the company’s ability to generate stable and consistent cash flow such as permitting delays, the financial health of the parent company, and project cost overruns.