Dominion Retail Completes Purchase of Texas Rep Cirro Energy

September 17, 2008

RICHMOND, Va. -- Dominion Retail, an energy marketing subsidiary of Dominion (NYSE: D), has closed on the purchase of Cirro Energy, a Texas retail electric provider (REP). Cirro Energy was founded in 2001 to provide superior customer service and substantial savings to business and residential customers throughout the deregulated areas of Texas.

Cirro Energy supplies about 2.3 million megawatt hours annually to more than 50,000 residential and commercial customers in Texas through agreements that will remain unchanged after closing. As a subsidiary of Dominion Retail, the company will retain the Cirro Energy brand name and continue to operate out of Richardson, Texas.

“Consumers have embraced Cirro Energy’s smart choices that help them save money on their electricity,” said Mike Rose of Dominion, newly named managing director of Cirro Energy. “This acquisition will only enhance those offerings and with the support of Dominion, one of the nation’s largest integrated energy companies, will significantly increase Cirro’s ability to grow and compete in Texas.”

With the closing, Dominion Retail will provide energy and energy related services to 1.7 million customers in 12 states, including electricity customers in Texas, Pennsylvania, Massachusetts, Connecticut, Ohio, Maine, New York and Maryland.

Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 27,000 megawatts of generation, 1.1 trillion cubic feet equivalent of proved natural gas reserves, 14,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines. Dominion operates the nation’s largest natural gas storage facility with 975 billion cubic feet of storage capacity. For more information about Dominion, visit the company's Web site at http://www.dom.com.

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