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Powering Virginia

Dominion News Release

July 9, 2003

Dominion Schedules Second-Quarter Earnings Conference Call

RICHMOND, Va. - Dominion (NYSE: D) will host a conference call for investors at 10 a.m. ET on Thursday, July 17. Dominion management will review second-quarter 2003 earnings to be released that morning. Members of the media are also invited to listen.

Domestic investors who wish to participate in the conference call should dial 877-241-5946. International investors should call 706-643-0540. Participants should dial in 5 to 10 minutes prior to the scheduled start time.

A live web cast of the conference call will be available on the company’s investor information page at www.dom.com/investors.

A replay of the conference call will be available from approximately 11 a.m. EDT July 17 through 11 p.m. EDT July 24. Domestic investors may access the recording by dialing 800-642-1687. International callers should dial 706-645-9291 to access the recording. The conference ID for the replay is 1550379. A replay of the conference call also will be available on the company’s investor information home page by the end of the day July 17.

Dominion is one of the nation's largest producers of energy, with an energy portfolio of about 24,000 megawatts of generation, 6.1 trillion cubic feet equivalent of proved natural gas reserves and 7,900 miles of natural gas transmission pipeline. Dominion also operates the nation's largest underground natural gas storage system with more than 960 billion cubic feet of storage capacity and serves 5 million retail energy customers in nine states. In addition, Dominion owns a managing equity interest in Dominion Fiber Ventures LLC, owner of Dominion Telecom. For more information about Dominion, visit the company's web site at www.dom.com.

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CONTACTS:
Media: Mark G. Lazenby, 804-819-2042
  Hunter A. Applewhite, 804-819-2043
   
Analysts: Thomas P. Wohlfarth, 804-819-2150
  Joseph G. O'Hare, 804-819-2156