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Dominion News Releases

February 18, 2000

Dominion Resources Declares Quarterly Dividend of 64.5 Cents Per Share

Richmond, Va. -- The board of directors of Dominion Resources Inc. (NYSE:D) today declared a quarterly dividend of 64.5 cents per share of common stock.

Dividends are payable March 20 to holders of record at the close of business March 1.

This is the 288th consecutive dividend that Dominion Resources or its predecessor company has paid holders of common stock and represents more than 75 consecutive years of dividends paid. Dominion Resources' last quarterly dividend was declared October 15, 1999.

The board of directors of Virginia Power, Dominion Resources' principal subsidiary, also declared regular quarterly dividends on each of its series of preferred stock. Preferred dividends are payable March 20 to holders of record at the close of business March 1.

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