Dominion Resources Inc.'s high capital spending including material investments in higher-risk non-rate-regulated utility assets, such as Cove Point's liquefied natural gas terminal, weakens the company's business risk profile and pressures the company's consolidated financial measures. We are revising the rating outlook on the holding company and its subsidiaries Virginia Electric&Power Co. and Dominion Gas Holdings LLC to negative from stable. We are affirming the ratings on Dominion Resources Inc. and its subsidiaries, including the 'A-' issuer credit ratings. The negative outlook reflects the increased probability that the company's large capital spending program will continue to pressure its financial measures and business risk profile. On Nov. 10, 2014, Standard&Poor's Ratings Services revised its rating outlook on Richmond,
