($ in millions, except earnings per share)

2nd Qtr Ended June 30

6 Months Ended June 30

12 Months Ended June 30

1999

1998

1999

1998

1999

1998

Operating Revenues & Income

$ 1,315.3

$ 1,585.2

$ 2,608.3

$ 3,358.7

$ 5,335.8

$ 7,137.7

Reported Net Income:

Virginia Power

$ 89.5

$ (128.9)

$ (59.6)

$ (39.3)

$ 173.7

$ 229.2

East Midlands Electricity

-

7.3

-

26.5

200.7

(124.4)

Dominion Energy

8.0

9.6

28.8

30.3

55.7

47.7

Dominion Capital

22.5

32.3

35.9

45.7

48.9

67.3

Corporate

(2.6)

(3.0)

(4.0)

(6.4)

0.9

(12.8)

Consolidated

$ 117.4

$ (82.7)

$ 1.1

$ 56.8

$ 479.9

$ 207.0

Common Shares Outstanding (Avg)

192.0

195.8

192.8

194.4

194.2

190.7

Reported Earnings Per Share:

Virginia Power

$ 0.47

$ (0.66)

$ (0.31)

$ (0.20)

$ 0.89

$ 1.21

East Midlands Electricity

-

0.04

-

0.14

1.03

(0.65)

Dominion Energy

0.04

0.05

0.15

0.15

0.29

0.25

Dominion Capital

0.12

0.17

0.19

0.23

0.25

0.35

Corporate

(0.02)

(0.02)

(0.02)

(0.03)

0.01

(0.07)

Consolidated

$ 0.61

$ (0.42)

$ 0.01

$ 0.29

$ 2.47

$ 1.09

Unusual Items (Pre-tax):

Write-Off of Regulatory Assets & Liabilities

(451.9)

(451.9)

Rate Case Settlement - Va Power

(291.5)

(291.5)

(291.5)

Windfall Profits Tax - East Midlands

(156.6)

Gain on Sale - East Midlands

332.3

Unusual Items (After-tax):

Write-Off of Regulatory Assets & Liabilities

(254.8)

(254.8)

Rate Case Settlement - Va Power

(201.0)

(201.0)

(201.0)

Windfall Profits Tax - East Midlands

(156.6)

Gain on Sale - East Midlands

200.7

Unusual Items (EPS impact):

Write-Off of Regulatory Assets & Liabilities

(1.32)

(1.32)

Rate Case Settlement - Va Power

(1.03)

(1.03)

(1.03)

Windfall Profits Tax - East Midlands

(0.85)

Gain on Sale - East Midlands

1.03

($ in millions, except earnings per share)

2nd Qtr Ended June 30

6 Months Ended June 30

1999

1998

1999

1998

Operating Revenues & Income

$ 1,315.3

$ 1,585.2

$ 2,608.3

$ 3,358.7

Reported Net Income:

Dominion Generation

$ 49.5

$ (117.9)

$ (131.0)

$ (46.1)

Virginia Power

38.6

(6.7)

79.7

25.1

Dominion Gas

9.4

5.3

20.5

12.0

Dominion Capital

22.5

32.3

35.9

45.7

Dominion UK

-

7.3

-

26.5

Corporate

(2.6)

(3.0)

(4.0)

(6.4)

Consolidated

$ 117.4

$ (82.7)

$ 1.1

$ 56.8

Common Shares Outstanding (Avg)

192.0

195.8

192.8

194.4

Reported Earnings Per Share:

Dominion Generation

$ 0.26

$ (0.60)

$ (0.68)

$ (0.24)

Virginia Power

0.20

(0.04)

0.41

0.13

Dominion Gas

0.05

0.03

0.11

0.06

Dominion Capital

0.12

0.17

0.19

0.23

Dominion UK

-

0.04

-

0.14

Corporate

(0.02)

(0.02)

(0.02)

(0.03)

Consolidated

$ 0.61

$ (0.42)

$ 0.01

$ 0.29

Unusual Items (Pre-tax):

Write-Off of Regulatory Assets & Liabilities

- Dominion Generation

(451.9)

Rate Case Settlement - Dominion Generation

(237.8)

(237.8)

Rate Case Settlement - Va Power

(53.7)

(53.7)

Unusual Items (After-tax):

Write-Off of Regulatory Assets & Liabilities

- Dominion Generation

(254.8)

Rate Case Settlement - Dominion Generation

(164.0)

(164.0)

Rate Case Settlement - Va Power

(37.0)

(37.0)

Unusual Items (EPS impact):

Write-Off of Regulatory Assets & Liabilities

- Dominion Generation

(1.32)

Rate Case Settlement - Dominion Generation

(0.84)

(0.84)

Rate Case Settlement - Va Power

(0.19)

(0.19)

Increase

Percent

2nd Quarter Ended June 30

1999

1998

(Decrease)

Change

Residential

4,956,406

4,921,417

34,989

0.7%

Commercial

5,275,205

5,281,999

(6,794)

-0.1%

Industrial

2,752,268

2,847,853

(95,585)

-3.4%

Public authorities

2,191,369

2,147,033

44,336

2.1%

Total retail

15,175,248

15,198,302

(23,054)

-0.2%

Wholesale - sales for resale

942,174

1,177,289

(235,115)

-20.0%

Total sales

16,117,422

16,375,591

(258,169)

-1.6%

Cooling Degree Days

365

440

444

= Normal

Heating Degree Days

291

294

308

= Normal

6 Months Ended June 30

Residential

11,545,622

11,071,879

473,743

4.3%

Commercial

10,343,274

10,115,665

227,609

2.3%

Industrial

5,233,380

5,515,758

(282,378)

-5.1%

Public authorities

4,340,326

4,154,278

186,048

4.5%

Total retail

31,462,602

30,857,580

605,022

2.0%

Wholesale - sales for resale

2,159,397

2,061,101

98,296

4.8%

Total sales

33,621,999

32,918,681

703,318

2.1%

Cooling Degree Days

365

463

450

= Normal

Heating Degree Days

2,224

2,030

2,413

= Normal