Dominion Energy Reliability Investment P.O. Box 75713 Chicago, IL 60675-5713 PDF version of Enrollment FAQ
Dominion Energy Reliability Investment is a program through which you can make direct investments in new deb obligations of Dominion Energy. Under this program, Dominion Energy borrows directly from the investor in the form of demand notes. Investors receive a competitive floating rate of interest that is often favorable to those of bank accounts, short-term CDs and money market mutual funds.
In order to invest, you must be a U.S. Citizen, a corporation or partnership incorporated or established in or under the laws of the United States, or a trust or an estate treated as a United States person under Section 7701 o the Internal Revenue Code. You may invest individually or jointly with another eligible person. We also offer custodial arrangements for minors. Please see the prospectus and application form for additional details.
You may enroll in the Dominion Energy Reliability Investment program by submitting a completed application, along with your initial investment as described below:
Investors enrolling by mail, you must send a personal or corporate check in the amount of $1,000 or greater. Starter checks, credit card checks, bank checks, cashier checks, traveler’s checks, money orders, and third party checks will not be accepted for your initial investment. If you are an employee of Dominion Energy or one of its affiliates, you will have ten months to reach the minimum balance requirement of $1,000.
Investors using Online Enrollment must make their initial investment via ACH (Automated Clearing House) using the self-service online access option per the welcome kit instructions.
The maximum amount that can be invested for any one investor is $5,000,000.
Dominion Energy uses an internal committee to determine the current interest rate on a weekly basis, and any rate changes will become effective the following Monday.
Interest is compounded daily and posted to your investment monthly. Please reference the prospectus for more information.
No, Dominion Energy Reliability Investment is not considered to be a deposit or other bank account, and is not subject to the protection of Federal Deposit Insurance Corporation (FDIC) regulation or insurance, or any other insurance. The investments are direct purchases of new debt obligations of Dominion Energy. See additional risks outlined in the prospectus. You should consider these risks and determine whether investing in Dominion Energy Reliability Investment is an acceptable investment after considering your financial resources and investment objectives.
Dominion Energy Reliability Investment is not a money market fund. The investment is not subject to regulation under the Investment Act of 1940, as amended. Dominion Energy Reliability Investment is a direct investment of new debt obligations of Dominion Energy. See additional risks outlined in the prospectus.
Yes. Interest earned on your Dominion Energy Reliability Investment will constitute income to you and is taxable in the year that it is paid. Interest income is subject to federal and applicable state and local taxes. Consult your tax advisor for additional information.
We do not charge any fees for writing checks for $250 or more. There are also no administrative or maintenance fees, and your checkbooks are free. Fees do apply if you overdraft your investment. See the prospectus for more details on fees.
Check Redemption is automatically available to you if you used Enrollment by Mail option. If you used Online Enrollment option, the check redemption is not automatically available. You must complete and mail the DERI Online Application Signature Requirements Card to Dominion Energy Reliability Investment, P.O. Box 75713, Chicago, Illinois 60675-5713 before redemption checks will be provided.
No, Dominion Energy Reliability Investment is not transferable.
Request materials by calling 866-876-0001. Our service agents are available from 8:30am to 7pm ET, Monday through Friday, except holidays.
Throughout the online enrollment process, you can click the “Save” button to save your progress. You will be shown an unique access code that you will need to write down in order to resume the application at a later time using the emailed link that you will also receive.
Contact us at: 866-876-0001 investors.dominionenergy.com/deri