Dominion News Releases

March 15, 2001

Dominion Management to Present at Morgan Stanley Dean Witter Global Electricity and Energy Seminar

RICHMOND, Va. – Thos. E. Capps, Dominion's (NYSE: D) chairman, president and chief executive officer, and Thomas N. Chewning, executive vice-president and chief financial officer, will deliver an investor presentation at the Morgan Stanley Dean Witter Global Electricity and Energy Seminar in New York today. The presentation material can be viewed on-line at www.dom.com/investors.

Presentation highlights include:

• Dominion's plan for growth in the Midwest to Northeast quadrant of the United States;
• Plans to grow earnings 23 percent to $4.10 per share in 2001; and
• Discussion of Dominion's 12-month share price appreciation potential.

Dominion is one of the nation’s largest producers of energy, with a production capability of 2.7 trillion British Thermal Units (BTUs) of energy per day. The company has a power generation portfolio of more than 19,000 megawatts, which is expected to grow to approximately 28,000 megawatts by 2005. 

Dominion is also one of the largest independent oil and natural gas exploration and production companies in North America, with 2.8 trillion cubic feet equivalent of natural gas reserves, with an annual production capability of over 300 billion cubic feet equivalent of natural gas. The company has 7,600 miles of interstate natural gas pipeline with a delivery capability of 6.3 billion cubic feet per day. 

In addition, the company operates the nation’s largest underground natural gas storage system, with more than 950 billion cubic feet of storage capacity. Dominion also serves 3.8 million retail natural gas and electric customers, and owns a telecommunications business that is expanding its fiber-optic network from its current 35,000 fiber miles (3,600 route miles) to more than 800,000 fiber miles (9,000 route miles). For more information about Dominion, visit the company's web site at www.dom.com.