Dominion News Releases

May 30, 2001

Dominion Management to Speak to Investors at First Annual Goldman Sachs Power Growth Conference

Presentation Available on Dominion Web Site

RICHMOND, VA. – James K. Martin, Dominion’s (NYSE: D) vice president business development, will speak to investors and industry analysts at the First Annual Goldman Sachs Power Growth Conference. The Goldman Sachs Conference is being held in Las Vegas from May 29 to May 31. Material discussed at the conference is available on-line on Dominion’s investor home page at www.dom.com/investors.

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 21,000 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 managing equity interest in Dominion Fiber Ventures LLC, owner of Dominion Telecom. Dominion Telecom is expanding its fiber-optic network from its current 35,000 fiber miles (3,600 route miles) to more than 800,000 planned fiber miles (9,000 route miles). For more information about Dominion, visit the company's web site at www.dom.com.

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