September 5, 2002

RICHMOND, Va. - Dominion (NYSE: D) today completed its $217 million acquisition of Cove Point LNG Limited Partnership, owner of the nation's largest liquified natural gas import facility, from Williams (NYSE: WMB).

The facility on the Chesapeake Bay near Baltimore is expected to reenter service next spring and provide 5 billion cubic feet of storage capacity and daily send-out capacity of 1 billion cubic feet. An additional 2.5 billion cubic feet of storage capacity is planned and expected to be in service by 2004.

Dominion announced the agreement to acquire Cove Point last month.

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

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