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Powering Virginia

Dominion News Release

April 25, 2003

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, 2003 to holders of record at the close of business May 30, 2003.

This is the 301st consecutive dividend that Dominion or its predecessor company has paid holders of common stock. Dominion's last quarterly dividend was declared February 17, 2003.

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 on the company's fixed-rate preferred stock are payable June 20, 2003 to holders of record at the close of business May 30, 2003.

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  Joseph G. O'Hare, 804-819-2156