January 13, 2004

RICHMOND, Va. - Dominion (NYSE: D) announced today the addition of two new officers and a change in responsibilities for two others.

Thomas R. Bean has been named vice president of financial management at Dominion's services company, and Thomas P. Wohlfarth has been named vice president of financial management for Dominion Energy. Previously, Bean had been managing director of financial and business services at Dominion Energy, and Wohlfarth had been Dominion's director of investor relations.

Fred G. Wood III, previously senior vice president of financial management at Dominion Exploration & Production in Houston, has been named senior vice president of financial management for Dominion Generation in Richmond. Dennis G. Millet, previously vice president of marketing and financial management at Dominion Exploration & Production, has been named vice president of financial management and has assumed Wood's previous responsibilities.

Thos. E. Capps, chairman and chief executive officer, said:

"These changes and additions to Dominion's officer corps reflect each individual's dedication, professional achievement and substantial contributions to the ongoing success of our enterprise. The moves strengthen an already broad and deep bench among our senior management team at each of Dominion's business units."

Bean received his undergraduate degree from the University of Virginia and a master's of business administration from George Washington University. He joined the company in 1978.

Wohlfarth received his undergraduate degree from Washington and Lee University and is a certified public accountant. He joined the company in 1985.

Wood received his undergraduate degree from the College of William and Mary and a master's degree in economics from Virginia Commonwealth University. He joined the company in 1985.

Millet received his undergraduate degree from the University of New Orleans and joined the company in 1978.

The changes were effective Jan. 1.

Dominion also has separated two operating functions overseen by its Dominion Energy operating unit. Under the new organizational structure, the former Dominion Energy operating unit is divided into two separate business segments—Dominion Generation and Dominion Energy. Dominion Generation will manage the company's portfolio of more than 24,000 megawatts of generation. Dominion Energy will manage the company's electric transmission, marketing and natural gas pipeline and storage businesses. This change was also effective Jan. 1.

"We're seeking to place our top talent and energy in positions where they can maximize their contribution to shareholder value. As a matter of ongoing policy, we also seek to streamline our organizational structure. The personnel and organizational changes announced today advance these goals," Capps said.

Dominion, headquartered in Richmond, Va., is one of the nation's largest producers of energy.

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