Electric News Releases

Dominion Virginia Power Receives Economic Development Award For Third Straight Year

RICHMOND, Va. – For the third consecutive year, Dominion Virginia Power’s economic development program has been named one of the nation’s 10 best by Site Selection, a leading publication for site location and real estate professionals. Dominion Virginia Power is a subsidiary of Dominion (NYSE: D), one of the nation's largest energy producers.

“This year’s entries for our top 10 competition were impressive in terms of going after business with programs and technological advances,” said Tracy Heath, Site Selection senior editor. “Many site consultants praised the efforts of these groups. Some consultants are contacting the utility groups before anyone else in the state when they have a new project.”

The Top 10 Utilities list is a yearly effort by the editors of Site Selection, who survey utility companies nationwide to determine the number and type of facilities that have located in their service areas, the number of jobs created and the methods that were used to attract them.

“Dominion delivers what our customers need to get a new project up and running on schedule,” said Edgar M. Roach Jr., chief executive officer. "This award is an acknowledgment of the hard work of our economic development professionals and sound partnerships with Virginia’s state and local governments and business leaders.”

Dominion Virginia Power’s support to state and local agencies helped create more than 7,445 new jobs, with an estimated investment of $1.5 billion in the company’s service area in 2000.

Site Selection is the official publication of the International Development Research Council. It was established in the 1950s and is published by Conway Data, headquartered in Atlanta. Information about Site Selection can be found on the Internet at www.sitenet.com.

Dominion, headquartered in Richmond, Va., is one of the nation’s largest producers of energy, with a production capability of 2.7 trillion British thermal units of energy per day. The company has a power-generation portfolio of more than 21,000 megawatts, which is expected to grow to more than 28,000 megawatts by 2005. Dominion is one of the largest independent oil and natural gas exploration and production companies in North America, with nearly 3 trillion cubic feet of equivalent reserves. Dominion also serves nearly 4 million retail natural gas and electric customers. For more information about Dominion, visit the company's Web site at www.dom.com.

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