Dominion News Releases

March 16, 2001

Consolidated Natural Gas Company Announces Successful Consent Solicitation

RICHMOND, Va. – Consolidated Natural Gas Company, a subsidiary of Dominion (NYSE: D), announced today that it has received the necessary consents from bond holders for proposed amendments to the 1971 Indenture under which its 5 ¾ percent debentures due August 1, 2003 and its 6 5/8 percent debentures due December 1, 2013 aggregating $300 million in principal amount were issued.

The proposed amendments are designed to conform the 1971 Indenture more closely to the Company's 1995 Indenture, under which $1.35 billion of debt securities are currently outstanding.

Execution of a supplemental indenture implementing the amendments is also conditioned upon effectiveness of a Securities and Exchange Commission order permitting the proposed amendments under the Public Utility Holding Company Act of 1935.