Exhibit 99

VIRGINIA ELECTRIC AND POWER COMPANY

CONDENSED CONSOLIDATED EARNINGS STATEMENT
(Unaudited)

	Twelve Months Ended June 30, 2005
	(millions)
Operating Revenue	$6,163
Operating Expenses	5,455
Income from operations	708
Other income	71
Interest and related charges	275
Income before income taxes	504
Income tax expense	175
Net income	329
Preferred dividends	16
Balance available for common stock	$   313