Dominion completes merger of CNG subsidiary into holding company

Richmond, VA, July 2, 2007 — Dominion announced it has completed the merger of its wholly owned subsidiary, Consolidated Natural Gas Co., into the parent holding company, Dominion Resources Inc., as part of a move designed to streamline its corporate structure.

The merger was effective at 12:01 a.m. on June 30, 2007. As a result of the merger, Dominion has assumed all obligations related to CNG indebtedness as well as any other financial obligations such as guarantees. First-tier CNG subsidiaries have become first-tier Dominion subsidiaries instead of second-tier subsidiaries.

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