Dominion Announces Quarterly Dividend of 69 Cents

October 20, 2006

RICHMOND, Va. – The board of directors of Dominion (NYSE: D) has declared a quarterly dividend of 69 cents per share of common stock.

Dividends are payable on Dec. 20, 2006, to shareholders of record Dec. 1, 2006.

This is the 315th consecutive dividend that Dominion or its predecessor company has paid holders of common stock. The company’s last quarterly dividend was declared Aug. 3, 2006.

The board of directors of Virginia Electric and Power Company, a subsidiary of Dominion, also declared regular quarterly dividends at the prescribed rates on each of its series of preferred stock. Preferred dividends on the company's fixed-rate preferred stock are payable Dec. 20, 2006 to holders of record at the close of business Dec. 1, 2006.



Media: Mark Lazenby, 804-819-2042  
Analysts: Joseph O’Hare, 804-819-2156