Dominion News Releases

March 29, 2000

Dominion Will Not Take Legal Action Against New York Power Authority

Richmond,Va. -- Dominion (NYSE: D) said today that it would not take legal action against the New York Power Authority because the authority selected a competing company yesterday to acquire two nuclear stations.

Thos. E. Capps, president and chief executive officer, said:

"We do not now, and never have had, any desire to sue. While we disagree with the decision and think it was probably goofy, we don't sue people for goofy decisions."

After last night's meeting, Dominion said it was considering "all options" when asked if it would consider legal action. A report suggested the company was specifically considering legal action. "We were misquoted," Capps said.