Dominion Announces Debt Tender Offer of up to $150M

Dominion Resources, Inc.

announced today the commencement of a cash tender offer to purchase up to $150,000,000 aggregate principal amount – the Tender Cap – of its 2006 Series B Enhanced Junior Subordinated Notes Due 2066. The terms and conditions of the tender offer are described in an Offer to Purchase dated Feb. 27, 2012, and a related Letter of Transmittal. The tender offer will expire at 11:59 p.m., New York City time, on March 23, 2012, unless extended or earlier terminated by Dominion in its sole discretion. To receive the Total Consideration of $900 per each $1,000 principal amount of Notes, which includes the Tender Offer Consideration of $870 per $1,000 principal amount of Notes and an Early Tender Payment of $30 per $1,000 principal amount of Notes, holders of Notes must validly tender and not subsequently validly withdraw their Notes before or at the Early Tender Deadline of 5:00 p.m., New York City time, on March 7, 2012, unless extended. Such Notes must also be accepted for purchase by Dominion. Holders who tender their Notes after the Early Tender Deadline and before the expiration of the tender offer will be entitled to receive only the Tender Offer Consideration, if such Notes are accepted for purchase by Dominion.