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Dominion News Releases

April 27, 2001

Dominion Declares Quarterly Dividend of 64.5 Cents Per Share

RICHMOND, Va. -- The board of directors of Dominion (NYSE: D) today declared a quarterly dividend of 64.5 cents per share of common stock.

Dividends are payable June 20 to holders of record at the close of business June 1.

This is the 293rd consecutive dividend that Dominion or its predecessor company has paid holders of common stock and represents more than 75 consecutive years of dividends paid. Dominion’s last quarterly dividend was declared February 16, 2001.

The board of directors of Virginia Electric and Power Company, a subsidiary of Dominion, also declared regular quarterly dividends at the prescribed rates on each of its series of preferred stock. Preferred dividends are payable June 20 to holders of record at the close of business June 1.

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