Gas News Release

Nov. 5, 1999

Federal Trade Commission Approves Dominion Resources, CNG Merger

Thos. E. Capps, chairman, president and chief executive officer of Dominion Resources, and George A. Davidson Jr., chairman and chief executive officer of CNG, said in a joint statement:

"We are very pleased to have a critical federal approval for the merger in hand and in line with our estimated schedule of approvals. The finish line is clearly in sight, and we are pressing on full-steam to bring the competitive advantages of America's premier gas and electric company to the energy consumers of Virginia and the northeast quarter of the U.S."

The merger has been approved by regulators in Virginia, Pennsylvania, Ohio, North Carolina and West Virginia. Still pending are approvals by the Federal Energy Regulatory Commission and the Securities and Exchange Commission, which are expected by year-end.

The merger is expected to close in the first quarter of 2000.

A summary of today's action will be published in the Federal Register. The action will be subject to public comment until December 7, after which the Commission will decide whether to make it final.

The Commission's vote on today's action was 4-0.

This press release contains forward-looking statements. The companies wish to caution readers that the assumptions which form the basis for forward-looking statements with respect to or that may impact earnings for fiscal 1999, and thereafter, include many factors that are beyond the companies' ability to control or estimate precisely, such as estimates of future market conditions and the behavior of other market participants. Other factors include, but are not limited to, weather conditions, economic conditions in the companies' service territories, fluctuations in energy-related commodity prices, conversion activity, other marketing efforts and other uncertainties.

For further information contact:
Dan Donovan
412-690-1370