Virginia Electric and Power Company Plans Redemption of Notes

Nov 14, 2003

November 14, 2003

RICHMOND, Va. - Virginia Electric and Power Company announced today the planned redemption on December 15, 2003, of its outstanding 1998 Series A 7.15 percent Senior Notes due June 30, 2038 and its outstanding 1999 Series A 6.70 percent Senior Notes due June 30, 2009 (the “Notes”).

The redemption price for each series will be 100 percent of the principal amount plus accrued and unpaid interest thereon to the redemption date. On and after December 15, 2003, interest on the Notes will cease to accrue.

The Notes are required to be presented and surrendered for redemption at the office of the trustee, JPMorgan Chase Bank, located at 4 New York Plaza, New York NY 10004.

Virginia Electric and Power Company is a subsidiary of Dominion (NYSE: D).

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CONTACTS:    
Media: Hunter Applewhite, (804) 819-2043  
     
Analysts: Joe O'Hare, (804) 819-2156
Laura Edge Kottkamp, (804) 819-2129

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