Dominion Declares Quarterly Dividend of 64.5 Cents Per Share

Oct 17, 2003

October 17, 2003

RICHMOND, Va. – The board of directors of Dominion (NYSE: D) today declared a quarterly dividend of 64.5 cents per share of common stock.

Dividends are payable December 20, 2003 to holders of record at the close of business December 1, 2003.

This is the 303rd consecutive dividend that Dominion or its predecessor company has paid holders of common stock. Dominion’s last quarterly dividend was declared July 15, 2003.

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 December 20, 2003 to holders of record at the close of business December 1, 2003. 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 December 20, 2003 to holders of record at the close of business December 1, 2003.

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CONTACTS:    
Media: Mark Lazenby, 804-819-2042  
  Hunter Applewhite, 804-819-2043  
     
Analysts: Tom Wohlfarth, 804-819-2150  
  Joe O'Hare, 804-819-2156

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