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June 18, 2007
Dominion CNG Capital Trust I to Redeem Its 7.8 % Trust Preferred Securities
RICHMOND, Va. -- Continuing its previously announced plan to use proceeds
from the pending sales of its oil and natural gas exploration and production
(E&P) assets, Consolidated Natural Gas Company, a wholly owned subsidiary
of Dominion Resources, Inc. (NYSE: D), announced today that its subsidiary
trust, Dominion CNG Capital Trust I, will redeem all of its outstanding 7.8
% Trust Preferred Securities (NYSE: DMG PrA) on July 17, 2007. The paying agent
is The Bank of New York. The redemption price is the par value of $25 per preferred
security plus accrued and unpaid distributions through and including the redemption
date. The record date will be July 16, 2007.
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