Dominion News Releases

April 17, 2000

Dominion Resources Expects to Meet or Exceed First Quarter Earnings Estimates

Richmond,Va. -- Dominion Resources Inc. (NYSE: D) expects to meet or exceed the average first-quarter analyst consensus estimate. First Call reports analysts' estimates, excluding merger-related one-time charges, for Dominion's first quarter at 95 cents per share, a 32-percent increase over first-quarter 1999 earnings of 72 cents per share.

The positive first quarter earnings outlook is driven primarily by an increase in gas and oil production and prices, the company's merger with Consolidated Natural Gas and continued strength in other core business segments, partially offset by mild first-quarter weather.

Dominion is scheduled to report first-quarter earnings on April 28, 2000.

(This release contains forward-looking statements which are subject to various risks and uncertainties. Discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings.)