Exhibit 99

VIRGINIA ELECTRIC AND POWER COMPANY

CONDENSED CONSOLIDATED EARNINGS STATEMENT
(Unaudited)

	Twelve Months Ended March 31, 2005 (millions)
Operating Revenue	$6,037
Operating Expenses	5,329
Income from operations	708
Other income	76
Interest and related charges	259
Income before income taxes	525
Income tax expense	181
Net income	344
Preferred dividends	16
Balance available for common stock	$   328