Dominion Share Price List

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Contents

Introduction

Four Important Things to Remember When Figuring the Cost Basis of Dominion Resources Common Stock

Table I - Customer Stock Purchase Plan Prices

Worksheet

Table II - Virginia Electric and Power Company Automatic Dividend Reinvestment Plan

Table II - Dominion Resources, Inc. and Dominion Direct Investment Automatic Dividend Reinvestment Plan (Continued)

VEPCO Common Stock - Taxable Status

Dominion Resources, Inc. Common Stock - Taxable Status

Introduction

The price of shares purchased through Dominion Direct and the Automatic Dividend Reinvestment and Stock Purchase Plan can be determined from the information which was provided to you on quarterly statements. Dominion Resources does not have a computer printout of the history of your account.

If you are computing your cost basis as it relates to shares exchanged during the merger of CNG and Dominion, please refer to the Dominion Merger Tax Information page for more information.

To determine the cost of shares purchased through the Customer Stock Purchase Plan, please refer to annual statements provided to you at the end of each Customer Plan year. For your convenience, we have included a list of Customer Plan purchase dates and prices. (See Table I.)

The cost basis of your shares is the total amount of money you invested through:

1. purchase of stock from a stockbroker;
2. purchase of stock through the Customer Stock Purchase Plan; and
3. direct purchase of stock through the Company by means of reinvesting dividends and/or optional cash investments.

Add together the total dollar amount(s) invested to give you a cost basis for all of the stock you own. Four additional important things to consider when figuring the cost of Dominion Resources stock are:

1. the Exchange of Virginia Electric & Power Co. common stock for Dominion Resources common stock in 1983;
2. the 3-for-2 stock split in January, 1992;
3. the 2-for-1 stock split in November, 2007; and
4. the tax deferment on dividends which purchased shares through a qualified reinvestment plan between December 31, 1981 and December 31, 1985. [See the next two pages for details.]

After determining the cost basis for your stock, take the difference between what you paid for the stock and what you received for the stock at the time of sale and determine whether you had a capital gain or loss. Report the gain or loss on Schedule D of your IRS tax return. If you sold only a portion of your stock, it may be necessary for you to talk with your tax advisor to determine which shares you sold and what gain or loss you had.

If you need further assistance, please contact a tax advisor.

Dominion Resources, Inc.
Shareholder Services

Four Important Things to Remember When Figuring the Cost Basis of Dominion Resources Common Stock

1. The exchange of Virginia Electric & Power Company (VEPCO) common stock for Dominion Resources, Inc. (DRI) common stock.

   On May 19, 1983, VEPCO formed Dominion Resources, Inc., its holding company. All outstanding shares of VEPCO common stock were called to be exchanged for DRI common stock at the rate of 2 shares of DRI common stock for 3 shares of VEPCO common stock.

   Although the number of shares you owned after the "exchange" was approximately 2/3 the number of VEPCO shares you owned before the exchange, the cost basis of your DRI shares of Common stock remained the same as the cost basis of the original shares of VEPCO common stock minus any dollar amount refunded for a fractional share. If the exchange was an even exchange, there was no check for a fraction.

   Examples:

   1. If you owned 100 shares of VEPCO common stock prior to the "exchange", you received 66 2/3 shares of DRI common stock from the "exchange". Suppose you paid $15.00 per share for the original 100 shares of VEPCO stock, the total investment would have been $1,500.00. As a result of the exchange, you would have received a certificate for 66 shares of DRI common stock and a check for $15.31. Therefore, the cost basis for your 66 shares of DRI common stock would be $1,500.00 minus $15.31 or $1,484.69.
   2. If you owned 150 shares of VEPCO common stock prior to the "exchange", you received 100 shares of DRI common stock in "exchange". If you paid $15.00 per share for the 150 original shares, the cost basis for the 150 shares was $2,250.00. After the exchange, the cost basis for your 100 shares of DRI common stock was also $2,250.00. Shares held in the dividend reinvestment plan prior to the exchange were exchanged automatically and reported to you on the quarterly statement at the time of the "exchange" (June 20, 1983 statement).

2. The 3 for 2 stock split dated January 23, 1992.

   On January 23, 1992, Dominion Resources had a 3 for 2 stock split. For every two shares of DRI common stock you owned on January 2, 1992, you received one additional share of stock. Certificate shares earned additional certificated shares. Shares held in the dividend reinvestment plan received additional "plan" shares which appeared on a special statement dated January 23, 1992.

   Since the additional shares were based on the number of shares already owned, the cost basis for the split shares became 1/3 of the cost basis of the original shares, and the post-split cost basis of the original shares became 2/3 of the original cost basis.

   Example:

   1. If you owned 200 shares of DRI common stock before the split, you received an additional 100 shares of DRI common stock in the split. If the cost per share of the original 200 shares was $35.00, the total cost of the 200 shares was $7,000.00. After the split, the cost basis for the 300 shares was also $7,000.00. To break it down, the cost basis for the 200 original shares became $4,666.67, and the cost basis for the 100 split shares was $2,333.33.
   2. If you owned 25 shares of DRI common stock before the split, you received an additional 12 shares and a check for $18.94, representing the sale of 1/2 share. [Any account with uneven shares before the split received a check for $18.94 representing the sale of 1/2 share.] If the cost per share of the original 25 shares was $35.00, the total cost basis for the 25 shares was $875.00. After the split, the cost basis for the 37 shares was $875.00 minus $18.94 or $856.06. To break it down, the post-split cost basis for the 25 original shares became $570.70, and the cost basis for the 12 split shares was $285.36.

3. 2 for 1 stock split dated November 19, 2007.

   On November 19, 2007, Dominion Resources had a 2 for 1 stock split.  For every one share of DRI common stock you owned on November 9, 2007, you received one additional share of stock.  Certificate shares receiving cash dividends earned a book-entry form of shares through the direct registration form of ownership.  Certificate shares reinvesting the dividends and shares held in the dividend reinvestment plan received additional "plan" shares which appeared on a special statement dated November 19, 2007.

   Since the additional shares were based on the number of shares already owned, the cost basis for the split shares became 1/2 of the cost basis of the original shares, and the post‑split cost basis of the original shares became 1/2 of the original cost basis.

   Example:

   1. If you owned 200 shares of DRI common stock before the split, you received an additional 200 shares of DRI common stock in the split.  If the cost per share of the original 200 shares was $35.00, the total cost of the 200 shares was $7,000.00.  After the split, the cost basis for the 400 shares was also $7,000.00.  To break it down, the cost basis for the 200 original shares became $3,500.00, and the cost basis for the 200 split shares was $3,500.00.

4. Tax-deferred dividends.

   From December 31, 1981 through December 31, 1985 shareholders were allowed to defer paying tax on reinvested dividends up to $750.00 for an individual and $1,500.00 for a joint return. If you chose to defer paying tax on your reinvested dividends during that time period, the shares purchased with the reinvested dividends are considered to have a "0" (zero) cost basis. If you continued paying tax on dividends during the years 1982-85, figure the cost basis as you would at any other time before or after.

Table I

Customer Stock Purchase Plan Prices

	VEPCO	Dominion
1980-81	11.292
1981-82	12.458
1982-83		21.76600
1983-84		22.92200
1984-85		29.51000
1985-86		38.07290
1986-87		45.27038
1987-88		42.54687
1988-89		43.05700
1989-90		44.76042
1990-91		46.51562
1991-92		36.53100
1992-93		41.65100
1993-94		43.17708
1994-95		36.78645
1995-96		39.19270

Worksheet

To figure shares purchased through reinvested dividends, you need the following:

1. Number of shares from which dividends are generated (Initially, the shares may be certificated shares)

2. Date of Dividend payment (See Table II)

3. Price per share of stock purchased (See Table II)
   

4. Dividend Rate (See Table II)
   

1. Find the dividends earned by multiplying the number of certificated shares you hold (example 100) by the dividend rate (example, $.40):

   100		shares held by you
   x .40		dividend rate
   $40.00		dividend paid

2. Determine the number of shares purchased by dividing the dividend ($40.00) by the Price Per Share example, $21.625).

   $40.00	divided by $21.625	= 1.850
   (Dividend paid)	(Price per share)	(Number of shares purchased)

3. The above example shows that $40.00 (the dividend earned on 100 shares) purchased 1.850 shares of DRI common stock which were deposited in the dividend reinvestment plan as "Plan" shares.

   On the next dividend payment date and subsequent dividend payment dates as long as you continue to hold stock certificates and reinvest your dividends, you will have dividends from two sources: from Certificated & quot;Common" shares and from "Plan" shares.

   1. To figure the purchase from "Common" shares, multiply the dividend rate times your 100 "Common" shares and divide by the cost per share (as shown in the example above).

   2. To figure the purchase from "Plan" shares, follow the same procedure: Multiply the number of "Plan" shares times the dividend rate. This gives you the dividend paid on "Plan" shares. Then, divide the dividend amount by the price per share to get the total shares purchased by dividend from "Plan" shares.

   *The total shares purchased are added to the shares held in the Plan to make a new total number of " Plan" shares.

   *If you have never held certificated shares, use the procedure above for figuring the purchase with dividends reinvested from "Plan" shares only. When you purchase shares using an optional cash contribution, the shares are added to your existing "Plan" shares and should be included when you figure the dividend on "Plan" shares.

Table II

VIRGINIA ELECTRIC AND POWER COMPANY
AUTOMATIC DIVIDEND REINVESTMENT PLAN

Table II

DOMINION RESOURCES, INC. AND
DOMINION DIRECT INVESTMENT
AUTOMATIC DIVIDEND REINVESTMENT PLAN
(Continued)