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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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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