Dominion Disappointed in Union’s Rejection of Offer

June 24, 2002

RICHMOND, Va. -- Dominion Virginia Power, a subsidiary of Dominion (D), announced Monday that the 3,700 workers represented by the International Brotherhood of Electrical Workers Local 50 have rejected a proposed labor agreement.

"We anticipate returning to the bargaining table and resuming negotiations," said Edgar M. Roach Jr., president and chief executive officer, Dominion Virginia Power. "While we are disappointed that this fair and reasonable offer was rejected, we believe that discussions can resume in a professional and amicable manner."
 

The company and the IBEW Local 50 began negotiating in January to craft a contract to succeed a three-year agreement that was ratified in 1995 and extended twice, each time for two years.

"We want to assure our customers that we remain committed to generating and delivering the safe and reliable electricity they expect from us and have contingency plans in place and ready to implement if necessary," said Thomas F. Farrell II, chief executive officer, Dominion Energy.

Dominion is one of the nation’s largest producers of energy, with a production capability of more than 3 trillion British thermal unit of energy per day. Dominion also serves 3.9 million franchise natural gas and electric customers in five states. For more information about Dominion, visit the company’s Web site at http://www.dom.com.
 

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Media: Jim Norvelle, (804) 771-6115