Dominion News Releases

May 8, 2000

Dominion Capital President Leaving to Pursue Other Opportunities

Richmond,Va. -- Dominion Capital Inc. announced today that Hayden D. McMillian is leaving his position as president and chief operating officer to pursue other opportunities.

David L. Heavenridge, chief executive officer, said:

"Hayden McMillian's energy, intellect and detailed understanding of the nation's lending and financial markets has contributed invaluably to Dominion Capital's sustained earnings momentum over the last several years. He is a uniquely talented and gifted professional who ably executed our company's planned growth in diversified financial services."

McMillian joined Dominion Capital in 1994 as vice president and was elected chief operating officer in 1999. He assumed the position of president in February. His resignation was effective April 30.

Thomas N. Chewning, chief financial officer and executive vice president of Dominion Capital's parent company, Dominion Resources Inc. (NYSE: D), will assume McMillian's duties.

Dominion Capital, headquartered in Richmond, Va., is a diversified financial services company with operating businesses in New York, Chicago, Houston and Richmond.

In January, Dominion Resources, also based in Richmond, completed its $9 billion merger with Consolidated Natural Gas Co. to form the nation's largest fully integrated natural gas and electric power company, with 4 million retail customers in five states.

Dominion Capital is being divested consistent with federal law governing utility holding companies.