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Dominion News Releases
November 29, 2001
Dominion Reports That Enron Exposure Not Expected
To Affect Earnings Forecast
RICHMOND, Va.-- Dominion (NYSE:D) said today that it has
pre-tax credit exposure to Enron of $11 million for past sales. Dominion said
it has forward commodity sales contracts with Enron that represent an exposure
of less than 5 percent of earnings, based on today's forward prices. Dominion
reaffirmed its public operating earnings per share targets of $4.15 or better
in 2001, $4.90 to $4.95 in 2002 and 10 percent annual earnings growth after
2002.
Dominion is one of the nation's largest producers of natural
gas and power.
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