8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported) February 26, 2010

Dominion Resources, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Virginia	001-08489	54-1229715
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

120 Tredegar Street Richmond, Virginia	23219
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s Telephone Number, Including Area Code (804) 819-2000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On February 26, 2010, Dominion Resources, Inc. issued a press release announcing a reduction in reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the 12 months ended December 31, 2009. The reduction is related to a stipulated settlement agreement filed with the Virginia State Corporation Commission on February 26, 2010. The press release and revised Earnings Release Kit reflecting the reduction in earnings and supplemental schedules are furnished with this Form 8-K as Exhibits 99.1 through 99.4, respectively.

Item 9.01 Financial Statements and Exhibits.

Exhibit
99.1	Dominion Resources, Inc. press release dated February 26, 2010
99.2	Dominion Resources, Inc. Earnings Release Kit
99.3	2009 Segment Operating Results
99.4	Supplemental Summary of 2009 Operating Earnings

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DOMINION RESOURCES, INC.

Registrant

/s/Carter M. Reid

Carter M. Reid

Vice President – Governance and Corporate Secretary

Date: February 26, 2010

EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

February 26, 2010

Company:     Dominion

Contacts:

Media:	Chet Wade (804) 775-5697, Chet.Wade@dom.com David Botkins (804) 771-6115, David.B.Botkins@dom.com
Analyst:	Thomas E. Hamlin (804) 819-2154, Thomas.E.Hamlin@dom.com Greg Snyder (804) 819-2383, James.Gregory.Snyder@dom.com

DOMINION SUBMITS REVISED SETTLEMENT AGREEMENT WITH SUPPORT

OF ALL PARTIES IN PENDING VIRGINIA RATE PROCEEDINGS

•    Virginia jurisdictional base rates would remain at pre-September 1 levels

•    Base return on equity set at 11.9 percent

•    Customer credits increased by $132 million

•    Company will forego recovery of $142 million of deferred RTO start-up and

administrative fees plus carrying costs of $55 million

•    Company affirms 2010 operating earnings guidance of $3.20 to $3.40 per share

•    Agreement subject to State Corporation Commission approval

RICHMOND, Va. – Dominion (NYSE: D) announced today that it, the Staff of the State Corporation Commission, the Virginia Committee for Fair Utility Rates, the Department of the Navy and all parties to the Nov. 5, 2009, Stipulation and Recommendation in the ongoing base case proceeding for Dominion Virginia Power have filed an Addendum and Modification of Stipulation and Recommendation for approval by the Virginia State Corporation Commission (SCC). If approved, the revised agreement would resolve the pending proceeding to set base rates for the company’s Virginia jurisdictional customers, the Virginia fuel case proceeding, and the authorized return on equity for the rate adjustment clauses for the Bear Garden Power Station and the Virginia City Hybrid Energy Center.

Under the terms of the revised agreement, Dominion Virginia Power’s base rates would not change from levels in effect before the filing of the base rate case. The amount of the increase in base rates that was implemented on an interim basis on September 1 would be refunded to customers. As in the original proposed agreement, the company’s authorized return on equity applicable to its base rates would be set at 11.9 percent, with an earnings collar and sharing mechanism established by Virginia law.

Cost recovery for several of the company’s construction projects would continue to be achieved through separate rate adjustment clauses approved by the SCC. These include the Virginia City Hybrid Energy Center and Bear Garden Power Station. The return on equity incorporated in the rate adjustment clauses for these two facilities would still be set at 12.3 percent, as originally agreed in the Stipulation.

The original proposed settlement agreement included the return of $268 million of 2008 revenues to customers through the end of 2010 and credits for $129 million of prior-period Financial Transmission Rights (FTRs) and fuel expenses to customers. The revised agreement, which incorporates the original proposed settlement agreement terms as well as certain other changes to the stipulation terms, adds two long-term customer benefits. In addition to the customer credits through 2010, the company would return $132 million of 2008 revenues to customers during 2011 and 2012. Also, beginning on January 1, 2011, the company will forego recovery of $142 million of a regulatory asset, plus carrying costs of $55 million, established for RTO start-up and administrative fees when Virginia Power was under capped rates. For customers who are not Virginia jurisdictional customers but have agreed to pay rates that are either approved by the SCC or are based on the same ratemaking methodology as approved by the SCC, the revised settlement would result in $41 million in total credits, up from $31 million in the original proposed agreement.

The revised settlement, if approved, would result in total bill reduction savings of about $153 for a typical residential customer who uses 1,000 kilowatt-hours of electricity a month. In addition, the customer would receive about $42 plus interest for the refund of the interim base rate increase that went into effect Sept. 1, 2009. The bill reduction savings includes approximately $80 in bill credits that would be applied after the settlement is approved through December 2010, as provided for in the original settlement. The additional $73 in savings would be realized by customers in two ways. First, a typical residential customer would receive monthly base rate bill credits totaling approximately $32 during 2011 and 2012. Second, customers would see a reduction in their monthly transmission rider charges starting in January 2011 that would extend for more than 8 years and would total over $41.

Under the terms of the revised settlement, the monthly bill for a typical residential customer would be $99.07 for the remainder of 2010, an 8.9 percent reduction compared with a bill of $108.73 for the same customer in March 2009 when Dominion proposed a base rate increase and other rate adjustments. This monthly bill excludes the impact of the proposed energy conservation programs that are pending approval before the SCC that, if approved, would add less than $1 per month to the typical residential customer, and any potential adjustments for the pass-through cost of fuel.

Thomas F. Farrell II, chairman, president and chief executive officer said:

“We are pleased that all parties were able to reach this agreement and hope the Virginia State Corporation Commission will approve its terms. Resolution of this proceeding represents the end of a decade of deregulation in Virginia. The credits to customers reflect a return of 2008 revenues which were brought about by strong customer growth during ten years of capped rates. Importantly, this agreement preserves our revenue requirement and provides for a return on equity that should enable us to attract capital to fund investments in new energy infrastructure required to meet our customer’s needs.

We are affirming our 2010 operating earnings guidance of $3.20 to $3.40 per share as the revised agreement continues to support our 2010 guidance. We will be in a better position to provide details for 2010 and thereafter once we receive a final order in the Virginia base rate case proceeding. Because the 2011 and 2012 customer credits are from 2008 revenues and were recorded in 2009, those refunds will not impact either reported or operating earnings in 2011 or 2012.”

As a result of the revised settlement agreement, Dominion recorded a charge representing its best estimate of the probable outcome of this matter resulting in an incremental negative impact of $174 million or 29 cents per share to fourth-quarter and full-year 2009 reported earnings that is not included in operating earnings for 2009. The total negative impact on fourth-quarter and full-year 2009 reported earnings of the revision to the settlement, plus the $261 million disclosed on Jan. 28, 2010, is now $435 million or 73 cents per share.

Incorporating the total impact of the revised settlement described above, reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the 12 months ended Dec. 31, 2009 is $1.29 billion ($2.17 per share) which compares with reported earnings of $1.83 billion ($3.16 per share) for the same period in 2008.

The revised settlement agreement does not have an incremental impact on fourth-quarter or full-year 2009 operating earnings which Dominion reported on Jan. 28, 2010. Operating earnings for the 12 months ended Dec. 31, 2009, amounted to $1.94 billion ($3.27 per share), compared to operating earnings of $1.84 billion ($3.16 per share) for the same period in 2008. Operating earnings are defined as reported (GAAP) earnings adjusted for certain items.

Dominion will publish on its investor information page at www.dom.com/investors a Revised 4Q09 Earnings Release Kit and certain associated supplemental schedules incorporating the revised settlement agreement. A detailed description of items included in 2009 and 2008 reported earnings but excluded from operating earnings can be found on Schedules 1, 2 and 3 of the Revised 4Q09 Earnings Release Kit.

In providing its first-quarter and full-year 2010 operating earnings guidance the company notes that there could be differences between expected reported (GAAP) earnings and estimated operating earnings for matters such as, but not limited to, divestitures, changes in accounting principles or the outcome of the company’s pending Virginia rate case proceedings. At this time, Dominion management is not able to estimate the impact, if any, of these items on reported earnings. Accordingly, Dominion is not able to provide a corresponding GAAP equivalent for its operating earnings guidance.

A copy of the revised settlement agreement can be found on the company’s investor information page at www.dom.com/investors.

Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of more than 27,500 megawatts of generation, 1.3 trillion cubic feet equivalent of proved natural gas reserves, 12,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines. Dominion operates the nation’s largest natural gas storage system with 942 billion cubic feet of storage capacity and serves retail energy customers in 12 states. For more information about Dominion, visit the company’s Web site at www.dom.com.

This release contains certain forward-looking statements, including forecasted operating earnings for 2010 which is subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations may include factors that are beyond the company’s ability to control or estimate precisely, such as the approval by the Virginia State Corporation Commission of the company’s proposed settlement agreement relating to Virginia jurisdictional rate case proceedings, fluctuations in energy-related commodity prices, the timing of the closing dates of acquisitions or divestitures, estimates of future market conditions, access to and costs of capital, fluctuations in the value of our pension assets and assets held in our decommissioning trusts, estimates of proved and unproved reserves, the company’s ability to meet its natural gas and oil production forecasts, the timing and receipt of regulatory approvals necessary for planned projects, acquisitions and divestitures, and the ability to complete planned construction or expansion projects as scheduled. Other factors include, but are not limited to, weather conditions, including the effects of hurricanes and major storms on operations, the behavior of other market participants, state and federal legislative and regulatory developments and changes to environmental and other laws and regulations, including those related to climate change, greenhouse gases and other emissions to which we are subject, economic conditions in the company’s service area, risks of operating businesses in regulated industries that are subject to changing regulatory structures, changes to regulated gas and electric rates collected by Dominion, changes to rating agency requirements and ratings, changing financial accounting standards, trading counter-party credit risks, risks related to energy trading and marketing, adverse outcomes in litigation matters, and other uncertainties. Other risk factors are detailed from time to time in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K filed with the Securities and Exchange Commission.

###

EX-99.2

Exhibit 99.2

REVISED

4Q09

Earnings

Release Kit

February 26, 2010

Dominion Resources, Inc.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Table of Contents

IMPORTANT NOTES TO INVESTORS	3
EARNINGS REPORT AND ACCOMPANYING SCHEDULES	5
EARNINGS REPORT	5
SCHEDULE 1 - SEGMENT OPERATING EARNINGS	8
SCHEDULE 2 - RECONCILIATION OF 2009 OPERATING EARNINGS TO REPORTED EARNINGS	9
SCHEDULE 3 - RECONCILIATION OF 2008 OPERATING EARNINGS TO REPORTED EARNINGS	10
SCHEDULE 4 - RECONCILIATION OF 2009 EARNINGS TO 2008	11
FINANCIALS*	12
CONSOLIDATED FINANCIAL STATEMENTS (GAAP)	12
SEGMENT OPERATING EARNINGS RESULTS	15
OPERATING STATISTICS	21
SCHEDULE OF LONG-TERM DEBT	26
SCHEDULE OF DEBT MATURITY	27
SCHEDULE OF CHANGE IN CAPITALIZATION	28
FORECAST AND OUTLOOK	29
RECONCILIATION OF 2009 OPERATING EARNINGS TO GUIDANCE	29
2009 Summary	29
4Q09 Summary	30
Dominion Generation – Non-Contracted Plants EBITDA	31
HEDGING	32
NATURAL GAS AND NATURAL GAS LIQUIDS HEDGE POSITION	32
ELECTRIC GENERATION AND COAL HEDGE POSITION	33
REGIONAL CAPACITY HEDGE POSITION	34
GAAP RECONCILIATION	35
2009 AND 2010 EARNINGS EXPECTATIONS	35
APPENDIX	37
2009 WEATHER VARIANCE	37
VIRGINIA POWER WEATHER-NORMALIZED ELECTRICITY SALES	38
SUPPLEMENTAL TREASURY INFORMATION	39
Dominion Liquidity Position	39
IMPACT OF REVISED PROPOSED SETTLEMENT IN VA BASE RATE PROCEEDING ON 2009 RESULTS	40
LIST OF REVISED SCHEDULES	41

*The notes contained in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements. Reconciliation of Operating Earnings to Reported (GAAP) Earnings can be found in Schedules 2 & 3 of this Earnings Kit.

February 26, 2010 2

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Important Notes to Investors

This kit contains certain forward-looking statements, including forecasted operating earnings for 2010 which are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations may include factors that are beyond the company’s ability to control or estimate precisely, such as the approval by the Virginia State Corporation Commission of the company’s proposed settlement agreement relating to Virginia jurisdictional rate case proceedings, fluctuations in energy-related commodity prices, the timing of the closing dates of acquisitions or divestitures, estimates of future market conditions, access to and costs of capital, fluctuations in the value of our pension assets and assets held in our decommissioning trusts, estimates of proved and unproved reserves, the company’s ability to meet its natural gas and oil production forecasts, the timing and receipt of regulatory approvals necessary for planned projects, acquisitions and divestitures, and the ability to complete planned construction or expansion projects as scheduled. Other factors include, but are not limited to, weather conditions, including the effects of hurricanes and major storms on operations, the behavior of other market participants, state and federal legislative and regulatory developments and changes to environmental and other laws and regulations, including those related to climate change, greenhouse gases and other emissions to which we are subject, economic conditions in the company’s service area, risks of operating businesses in regulated industries that are subject to changing regulatory structures, changes to regulated gas and electric rates collected by Dominion, changes to rating agency requirements and ratings, changing financial accounting standards, trading counter-party credit risks, risks related to energy trading and marketing, adverse outcomes in litigation matters, and other uncertainties. Other risk factors are detailed from time to time in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K filed with the Securities and Exchange Commission.

Certain information provided in this Release Kit includes financial measures that are not required by, or presented in accordance with generally accepted accounting principles (GAAP), including operating earnings before interest and taxes (EBIT) and operating earnings before interest, taxes, depreciation and amortization (EBITDA). These non-GAAP financial measures should not be considered as alternatives to GAAP measures, such as net income, operating income, or earnings per share, and may be calculated differently from, and therefore may not be comparable to, similarly titled measures used at other companies. Dominion has included reconciliations to the most directly comparable financial measures it is able to calculate and report in accordance with GAAP.

The consolidated financial data and statistics in this 4Q09 Earnings Release Kit and its individual components reflect the financial position and operating results of Dominion and its primary operating segments through December 31, 2009. Independent auditors have not audited any of the financial and operating statements. Projections or forecasts shown in this document are based on the assumptions listed in this document and are subject to change at any time. Dominion undertakes no obligation to update any forward-looking information statement to reflect developments after the statement is made.

This 4Q09 Earnings Release Kit has been prepared primarily for security analysts and investors in the hope that it will serve as a convenient and useful reference document. The format of this release kit may change in the future as we continue to try to meet the needs of security analysts

February 26, 2010 3

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

and investors. This release kit is not intended for use in connection with any sale, offer to sell, or solicitation of any offer to buy securities.

Please continue to check our website regularly at www.dom.com/investors for the most recent updates.

February 26, 2010 4

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Earnings Report and Accompanying Schedules

Earnings Report

SUMMARY OF DOMINION’S REVISED 2009 EARNINGS AND 2010 GUIDANCE

As of February 26, 2010, Dominion’s reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the 12 months ended Dec. 31, 2009, are $1.29 billion ($2.17 per share), compared with reported earnings of $1.83 billion ($3.16 per share) for the same period in 2008.

Operating earnings for the 12 months ended Dec. 31, 2009, are $1.94 billion ($3.27 per share), compared to operating earnings of $1.84 billion ($3.16 per share) for the same period in 2008. Operating earnings are defined as reported (GAAP) earnings adjusted for certain items.

Dominion uses operating earnings as the primary performance measurement of its earnings guidance and results for public communications with analysts and investors. Dominion also uses operating earnings internally for budgeting, for reporting to the board of directors, for the company’s incentive compensation plans and for its targeted dividend payouts and other purposes. Dominion management believes operating earnings provide a more meaningful representation of the company’s fundamental earnings power.

Business segment results and detailed descriptions of items included in 2009 and 2008 reported earnings but excluded from operating earnings can be found on Schedules 1, 2 and 3 of this release kit.

Full-year 2009 operating earnings compared to 2008

The increase in full-year 2009 operating earnings per share as compared to full-year 2008 operating earnings per share is primarily attributable to higher contributions from the regulated electric utility and gas transmission businesses, higher merchant generation margins and lower income taxes. Partially offsetting these positives were lower gas and oil production in the company’s E&P operations, as a result of the expiration of overriding royalty interests associated with former volumetric production payment agreements, and higher depreciation and amortization expenses.

February 26, 2010 5

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Fourth-quarter 2009 operating earnings compared to 2008

The decrease in fourth-quarter 2009 operating earnings per share as compared to fourth-quarter 2008 operating earnings per share is primarily attributable to higher outage costs, unfavorable weather in the regulated electric service territory and higher depreciation and amortization expenses. Partially offsetting these negatives were higher contributions from the regulated electric utility and gas transmission businesses, higher contributions from unregulated retail energy marketing operations and lower income taxes.

Complete details of full-year and fourth-quarter 2009 operating earnings as compared to 2008 can be found on Schedule 4 of this release.

Affirmation of 2010 Operating Earnings Guidance

On February 26, 2010, the Company affirmed its 2010 operating earnings guidance of $3.20 to $3.40 per share. Dominion will be in a better position to provide details for 2010 and thereafter once it receives a final order in the Virginia base rate case proceeding.

First-quarter 2010 operating earnings guidance

Dominion expects first-quarter 2010 operating earnings in the range of 90 cents per share to $1.00 per share as compared to first-quarter 2009 operating earnings of 98 cents per share. Positive factors for the first quarter of 2010 compared to the prior year include higher rate adjustment clause revenues and the impact of a full quarter’s benefit from the Cove Point expansion. Factors offsetting these positives include lower merchant generation margins, the recent unplanned outage at Millstone Unit 3 and a return to normal weather. Reported earnings for the first quarter of 2009 were 42 cents per share.

In providing its first-quarter and full-year 2010 operating earnings guidance the company notes that there could be differences between expected reported (GAAP) earnings and estimated operating earnings for matters such as, but not limited to, divestitures, changes in accounting principles or the outcome of the company’s pending Virginia rate case proceedings. At this time, Dominion management is not able to estimate the impact, if any, of these items on reported earnings. Accordingly, Dominion is not able to provide a corresponding GAAP equivalent for its operating earnings guidance.

February 26, 2010 6

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of more than 27,500 megawatts of generation, 1.3 trillion cubic feet equivalent of proved natural gas and oil reserves, 12,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines. Dominion operates the nation’s largest natural gas storage system with 942 billion cubic feet of storage capacity and serves retail energy customers in 12 states. For more information about Dominion, visit the company’s Web site at www.dom.com.

This release contains certain forward-looking statements, including forecasted operating earnings for 2010 which are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations may include factors that are beyond the company’s ability to control or estimate precisely, such as the approval by the Virginia State Corporation Commission of the company’s proposed settlement agreement relating to Virginia jurisdictional rate case proceedings, fluctuations in energy-related commodity prices, the timing of the closing dates of acquisitions or divestitures, estimates of future market conditions, access to and costs of capital, fluctuations in the value of our pension assets and assets held in our decommissioning trusts, estimates of proved and unproved reserves, the company’s ability to meet its natural gas and oil production forecasts, the timing and receipt of regulatory approvals necessary for planned projects, acquisitions and divestitures, and the ability to complete planned construction or expansion projects as scheduled. Other factors include, but are not limited to, weather conditions, including the effects of hurricanes and major storms on operations, the behavior of other market participants, state and federal legislative and regulatory developments and changes to environmental and other laws and regulations, including those related to climate change, greenhouse gases and other emissions to which we are subject, economic conditions in the company’s service area, risks of operating businesses in regulated industries that are subject to changing regulatory structures, changes to regulated gas and electric rates collected by Dominion, changes to rating agency requirements and ratings, changing financial accounting standards, trading counter-party credit risks, risks related to energy trading and marketing, adverse outcomes in litigation matters, and other uncertainties. Other risk factors are detailed from time to time in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K filed with the Securities and Exchange Commission.

###

February 26, 2010 7

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Schedule 1 - Segment Operating Earnings

Schedule 1 - Segment Operating Earnings ¹

Preliminary, Unaudited

(millions, except earnings per share)	Three months ended December 31
	2009		2008		Change
Operating Revenue (GAAP Based 2 )	$	3,255	$	4,173	$	(918)
Earnings:
Dominion Virginia Power	$	92	$	102	$	(10)
Dominion Energy		145		136		9
Dominion Generation		183		236		(53)
Corporate and Other		(46)		(50)		4
OPERATING EARNINGS	$	374	$	424	$	(50)
Items excluded from operating earnings 3		(383)		(76)		(307)
REPORTED EARNINGS 2	$	(9)	$	348	$	(357)
Common Shares Outstanding (average, diluted) 4		598.1		582.1
Earnings Per Share (EPS):
Dominion Virginia Power	$	0.15	$	0.18	$	(0.03)
Dominion Energy		0.25		0.24		0.01
Dominion Generation		0.31		0.40		(0.09)
Corporate and Other		(0.08)		(0.09)		0.01
OPERATING EARNINGS	$	0.63	$	0.73	$	(0.10)
Items excluded from operating earnings 3		(0.64)		(0.13)		(0.51)
REPORTED EARNINGS 2	$	(0.01)	$	0.60	$	(0.61)
(millions, except earnings per share)		Twelve months ended December 31
	2009		2008		Change
Operating Revenue (GAAP Based 2 )	$	15,131	$	16,290	$	(1,159)
Earnings:
Dominion Virginia Power	$	384	$	380	$	4
Dominion Energy		517		470		47
Dominion Generation		1,281		1,227		54
Corporate and Other		(240)		(240)		-
OPERATING EARNINGS	$	1,942	$	1,837	$	105
Items excluded from operating earnings 3		(655)		(3)		(652)
REPORTED EARNINGS 2	$	1,287	$	1,834	$	(547)
Common Shares Outstanding (average, diluted)		593.7		580.8
Earnings Per Share (EPS):
Dominion Virginia Power	$	0.65	$	0.65	$	-
Dominion Energy		0.87		0.81		0.06
Dominion Generation		2.16		2.11		0.05
Corporate and Other		(0.41)		(0.41)		-
OPERATING EARNINGS	$	3.27	$	3.16	$	0.11
Items excluded from operating earnings 3		(1.10)		-		(1.10)
REPORTED EARNINGS 2	$	2.17	$	3.16	$	(0.99)

1) 2009 and 2008 have been recast due to Dominion management's decision to retain Hope Gas, Inc. as a part of Dominion Energy.

2) Determined in accordance with Generally Accepted Accounting Principles (GAAP)

3) Refer to schedules 2 and 3 for details related to items excluded from operating earnings, or find “GAAP Reconciliation” on Dominion’s Web site at www.dom.com/investors.

4) As a result of a net loss from continuing operations in 4Q09, the issuance of common stock under potentially-dilutive securities was considered antidilutive and therefore not included in the calculation of the earnings per share for that period.

February 26, 2010 8

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Schedule 2 - Reconciliation of 2009 Operating Earnings to Reported Earnings

2009 Earnings (Twelve months ended December 31, 2009)

The net effects of the following items, all shown on an after-tax basis, are included in 2009 reported earnings, but are excluded from operating earnings:

— $281 million impairment charge resulting from the first quarter ceiling test performed for our gas and oil properties under the full cost method accounting with a subsequent update for estimated state taxes in the second quarter.

— $435 million after-tax charge in connection with the proposed settlement of Virginia Power’s 2009 rate case proceedings.

— $2 million net gain related to our investments in nuclear decommissioning trust funds.

— Interim impact on income tax provision to reflect the planned sale of Peoples and Hope on our 2009 estimated annual effective tax rate.

— $62 million benefit due to a downward revision in the nuclear decommissioning asset retirement obligation (ARO) for a power station unit that is no longer in service.

— $26 million of earnings from Peoples Natural Gas Co. (Peoples).

— $29 million net expense related to other items.

(millions, except per share amounts)	1Q09	2Q09	3Q09	4Q09	YTD 2009
Operating earnings	$574	$404	$590	$374	$1,942
Items excluded from operating earnings (after-tax):
Impairment of gas and oil properties	(272)	(9)			(281)
Proposed rate settlement				(435)	(435)
Net gains (losses) in nuclear decommissioning trust funds	(50)	12	34	6	2
Interim tax provision – planned sale of Peoples and Hope	(10)	(18)	(32)	60	0
ARO revision		62			62
Peoples operations	21	9	(11)	7	26
Other items	(15)	(6)	13	(21)	(29)
Total items excluded from operating earnings	(326)	50	4	(383)	(655)
Reported net income	$248	$454	$594	$(9)	$1,287
Common shares outstanding (average, diluted)	585.7	594.0	596.3	598.1	593.7
Operating earnings per share	$0.98	$0.68	$0.99	$0.63	$3.27
Items excluded from operating earnings (after-tax)	(0.56)	0.08	0.01	(0.64)	(1.10)
Reported earnings per share	$0.42	$0.76	$1.00	$(0.01)	$2.17

^* YTD 2009 EPS may not equal sum of quarters due to share count differences.

February 26, 2010 9

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Schedule 3 - Reconciliation of 2008 Operating Earnings to Reported Earnings

2008 Earnings (Twelve months ended December 31, 2008)

The net effects of the following items, all shown on an after-tax basis, are included in 2008 reported earnings, but are excluded from operating earnings:

• $136 million tax benefit related to the planned sale of Peoples and Hope natural gas distribution companies, reflecting the reversal of deferred tax liabilities established in 2006, due to a change in the expected tax treatment of the sale.

• $71 million of earnings from Peoples.

• $38 million impairment charge related to a Dominion Capital investment.

• $109 million of impairment charges reflecting other-than-temporary declines in the fair value of securities held in nuclear decommissioning trust funds.

• $26 million net-of-tax reduction to the gain recognized in 2007 from the sale of our U.S. E&P businesses as a result of post-closing adjustments.

• $37 million in other charges, including impairment of non-refundable deposits for certain generation-related vendor contracts and an increase to tax valuation allowances to reflect the effect of lower projected capital gain income on the realizability of state loss carryforwards attributable to specific asset impairments and dispositions.

(millions, except per share amounts)	1Q08	2Q08	3Q08	4Q08	YTD   2008
Operating earnings	$585	$286	$542	$424	$1,837
Items excluded from operating earnings (after-tax):
Tax benefit related to the planned sale of Peoples & Hope	136				136
Peoples operations	23	32	4	12	71
Dominion Capital asset impairment	(38)				(38)
Impairment losses in nuclear decommissioning trust funds	(16)	(15)	(19)	(59)	(109)
Adjustment to gain on sale of our U.S. E&P businesses			(26)		(26)
Other charges	(10)	(5)	7	(29)	(37)
Total items excluded from operating earnings	95	12	(34)	(76)	(3)
Reported net income	$680	$298	$508	$348	$1,834
Common shares outstanding (average, diluted)	578.4	580.7	582.0	582.1	580.8
Operating earnings per share*	$1.01	$0.49	$0.93	$0.73	$3.16
Items excluded from operating earnings (after-tax)	0.17	0.02	(0.06)	(0.13)	0.00
Reported earnings per share*	$1.18	$0.51	$0.87	$0.60	$3.16

* YTD 2008 EPS may not equal sum of quarters due to share count differences.

February 26, 2010 10

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Schedule 4 - Reconciliation of 2009 Earnings to 2008

Preliminary, unaudited	Three Months Ended		Twelve Months Ended
(millions, except EPS)	December 31,		December 31,
	2009 vs. 2008		2009 vs. 2008
	Increase / (Decrease)		Increase / (Decrease)
Reconciling Items	Amount	EPS	Amount	EPS
Dominion Virginia Power
Regulated electric sales:
Weather	($3)	($0.01)	$3	$0.01
Rate Adjustment Clause	10	0.02	13	0.02
Customer growth	1	0.00	5	0.01
Other	(2)	(0.01)	(9)	(0.02)
Storm damage and service restoration - distribution operations	(7)	(0.01)	5	0.01
Regulatory asset adjustment	(7)	(0.01)	(7)	(0.01)
Retail energy marketing operations	11	0.02	(1)	0.00
Other	(13)	(0.03)	(5)	(0.01)
Share dilution	—	0.00	—	(0.01)
Change in contribution to operating earnings	($10)	($0.03)	$4	$0.00
Dominion Energy
Producer services	($3)	$0.00	$10	$0.02
Weather - Gas distribution	(2)	0.00	(4)	(0.01)
Gas and Oil - production	(12)	(0.02)	(63)	(0.11)
Gas and Oil - DD&A expense	6	0.01	28	0.04
Cove Point expansion	26	0.04	88	0.15
Change in state tax legislation	0	0.00	(16)	(0.02)
Other	(6)	(0.01)	4	0.01
Share dilution	—	(0.01)	—	(0.02)
Change in contribution to operating earnings	$9	$0.01	$47	$0.06
Dominion Generation
Regulated electric sales:
Weather	($6)	($0.01)	$0	$0.00
Rate Adjustment Clause	13	0.02	53	0.09
Customer growth	2	0.00	10	0.02
Other	(14)	(0.03)	(59)	(0.11)
Merchant generation margin	4	0.01	95	0.16
Sales of emissions allowances	(1)	0.00	(18)	(0.03)
Outage costs	(51)	(0.09)	7	0.01
Depreciation and amortization	(14)	(0.02)	(42)	(0.07)
Other	14	0.04	8	0.02
Share dilution	—	(0.01)	—	(0.04)
Change in contribution to operating earnings	($53)	($0.09)	$54	$0.05
Corporate and Other
Change in contribution to operating earnings	$4	$0.01	$0	$0.00
Change in consolidated operating earnings 1	($50)	($0.10)	$105	$0.11
Change in items excluded from operating earnings 1, 2	($307)	($0.51)	($652)	($1.10)
Change in reported earnings (GAAP)	($357)	($0.61)	($547)	($0.99)

¹⁾ Earnings for Peoples are excluded from our 2009 and 2008 operating earnings.

²⁾ Refer to schedules 2 and 3 for details of items excluded from operating earnings, or find “GAAP Reconciliation” on Dominion’s Web site at www.dom.com/investors.

February 26, 2010 11

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Financials^*

Consolidated Financial Statements (GAAP)

Dominion Consolidated *

Preliminary and Unaudited Income Statements (GAAP Based)

	Three Months Ended December 31,						Years Ended December 31,
	2009			2008			2009		2008
	(millions, except per share amounts)
Operating Revenue	$	3,255		$	4,173		$	15,131	$	16,290
Operating Expenses
Electric fuel and other energy-related purchases		1,074			1,073			4,285		4,023
Purchased electric capacity		102			105			411		411
Purchased gas		596			916			2,381		3,398
Other operations and maintenance		1,100			890			3,795		3,299
Depreciation, depletion and amortization		315			264			1,139		1,034
Other taxes		118			124			491		499
Total Operating Expenses		3,305			3,372			12,502		12,664
Income from Operations		(50	)		801			2,629		3,626
Other income (loss)		54			(68	)		181		(58	)
Interest and related charges		236			203			894		837
Income from continuing operations including noncontrolling interests before income taxes		(232	)		530			1,916		2,731
Income tax expense		(228	)		178			612		879
Income from continuing operations including noncontrolling interests		(4	)		352			1,304		1,852
Loss from discontinued operations (net of tax)		-			-			-		(2	)
Net Income including noncontrolling interests	$	(4	)	$	352		$	1,304	$	1,850
Noncontrolling interests		5			4			17		16
Net Income attributable to Dominion	$	(9	)	$	348		$	1,287	$	1,834
Net income per common share - diluted **	$	(0.01	)	$	0.60		$	2.17	$	3.16
Average shares outstanding, diluted **		598.1			582.1			593.7		580.8

* The notes contained in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.

** As a result of the net loss from continuing operations for the three months ended December 31, 2009, the issuance of common stock under potentially-dilutive securities was considered antidilutive and therefore not included in the calculation of the diluted loss per share for that period.

February 26, 2010 12

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion Consolidated *

Preliminary and Unaudited Balance Sheets (Summarized)

($ in Millions)

	At December 31,
	2009	2008
Assets
Assets held for sale	$1,018	$1,416
Other current assets	5,799	6,245
Total Current Assets	6,817	7,661
Investments	3,492	3,257
Property, Plant and Equipment, Net	25,592	23,274
Deferred Charges and Other Assets	6,653	7,861
Total Assets	$42,554	$42,053
Liabilities and Shareholders’ Equity
Securities due within one year	$1,137	$444
Short-term debt	1,295	2,030
Liabilities held for sale	428	570
Other current liabilities	3,973	4,750
Total Current Liabilities	6,833	7,794
Long-Term Debt	15,481	14,956
Deferred Credits and Other Liabilities	8,798	8,969
Total Liabilities	31,112	31,719
Subsidiary Preferred Stock Not Subject To Mandatory Redemption	257	257
Common Shareholders’ Equity	11,185	10,077
Total Liabilities and Shareholders’ Equity	$42,554	$42,053

* The notes contained in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.

February 26, 2010 13

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion Consolidated *

Preliminary and Unaudited Statements of Cash Flows (Summarized)

($ in Millions)

	Year Ended December 31,
	2009		2008
Operating Activities
Net Income including noncontrolling interests	$1,304		$1,850
Adjustments to reconcile net income to net cash from operating activities
Impairment of gas and oil properties	455		-
Proposed rate settlement	794		-
Revision to asset retirement obligation	(103	)	-
DCI Impairment loss	0
Depreciation, depletion and amortization	1,319		1,191
Deferred income taxes and investment tax credits, net	(494	)	269
Net change in realized and unrealized derivative losses	14		169
Other adjustments for non-cash items	(34	)	174
Deferred fuel and purchased gas costs	802		(532	)
Changes in other operating assets and liabilities	(271	)	(445	)
Net cash provided by operating activities	3,786		2,676
Investing Activities
Plant construction and other property additions	(3,665	)	(3,315	)
Additions to gas and oil properties	(172	)	(239	)
Proceeds from assignment of natural gas drilling rights	-		343
Investment in affiliates and partnerships	(43	)	(376	)
Distributions from affiliates and partnerships	174		18
Other	11		79
Net cash used in investing activities	(3,695	)	(3,490	)
Financing Activities
Issuance (repayment) of short-term debt, net	(735	)	273
Issuance of long-term debt	1,695		3,290
Repayment of long-term debt	(447	)	(1,842	)
Repayment of affiliated notes payable	-		(412	)
Issuance of common stock	456		240
Common dividend payments	(1,039	)	(916	)
Subsidiary preferred dividend payments	(17	)	(17	)
Other	(25	)	(18	)
Net cash provided by (used in) financing activities	(112	)	598
Decrease in cash and cash equivalents	(21	)	(216	)
Cash and cash equivalents at beginning of period	71		287
Cash and cash equivalents at end of period	$50		$71

* The notes contained in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.

February 26, 2010 14

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Segment Operating Earnings Results

Dominion Consolidated

Unaudited Summary of Operating Results

	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2009			20081, 2			2009 2			20081, 2
	(millions, except per share amounts)						(millions, except per share amounts)
Operating Revenue	$	3,617		$	4,026		$	15,242		$	15,897
Operating Expenses
Electric fuel and other energy-related purchases		946			1,073			4,155			4,023
Purchased electric capacity		102			105			411			411
Purchased gas		560			824			2,199			3,174
Other operations and maintenance		937			818			3,208			3,134
Depreciation, depletion and amortization		290			266			1,120			1,041
Other taxes		117			123			483			495
Total operating expenses		2,952			3,209			11,576			12,278
Income from operations		665			817			3,666			3,619
Other income		54			29			221			137
Income including noncontrolling interest before interest and income taxes		719			846			3,887			3,756
Interest and related charges		232			205			889			839
Income including noncontrolling interest before income taxes		487			641			2,998			2,917
Income taxes		108			213			1,039			1,064
Income including noncontrolling interest		379			428			1,959			1,853
Noncontrolling interests		5			4			17			16
Operating Earnings	$	374		$	424		$	1,942		$	1,837
Operating Earnings Per Share	$	0.63		$	0.73		$	3.27		$	3.16
Items excluded from operating earnings (net of taxes)		(383	)		(76	)		(655	)		(3	)
Reported Earnings	$	(9	)	$	348		$	1,287		$	1,834
Reported Earnings Per Common Share - Diluted	$	(0.01	)	$	0.60		$	2.17		$	3.16
Average shares outstanding, diluted		598.1			582.1			593.7			580.8

¹⁾ Our 2008 income statements have been recast due to the application of new accounting guidance for noncontrolling interests. For more details, please refer to the notes contained in our 2009 Form 10-K.

²⁾ Our 2009 and 2008 income statements have been recast due to Dominion management’s decision to retain Hope Gas, Inc. as a part of Dominion Energy.

Note: For additional detail on items excluded from operating earnings, visit Dominion’s Investor Relations Web site at www.dom.com/investors under “GAAP Reconciliation”

2009 operating results reflect a charge recorded in connection with the proposed settlement of Virginia Power’s 2009 rate case proceeding, representing the amounts collected for the interim base rate increase that began on September 1, 2009 that are expected to be refunded to customers.

February 26, 2010 15

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion Virginia Power

Unaudited Summary of Operating Results

	Three Months Ended				Twelve Months Ended
	December 31,				December 31,
	2009		20081		2009		20081
	(millions, except per share amounts)				(millions, except per share amounts)
Operating Revenue	$	863	$	822	$	3,281	$	3,111
Operating Expenses
Electric fuel and other energy-related purchases		170		128		658		434
Purchased electric capacity		-		-		-		-
Purchased gas		244		272		869		1,011
Other operations and maintenance		168		143		602		557
Depreciation, depletion and amortization		85		84		341		312
Other taxes		24		21		99		93
Total operating expenses		691		648		2,569		2,407
Income from operations		172		174		712		704
Other income		17		27		72		65
Income including noncontrolling interest before interest and income taxes		189		201		784		769
Interest and related charges		39		35		159		149
Income including noncontrolling interest before income taxes		150		166		625		620
Income taxes		56		62		233		232
Income including noncontrolling interest		94		104		392		388
Noncontrolling interests		2		2		8		8
Operating Earnings Contribution	$	92	$	102	$	384	$	380
Operating Earnings Per Share Contribution	$	0.15	$	0.18	$	0.65	$	0.65
Average shares outstanding, diluted		598.1		582.1		593.7		580.8

¹⁾ Our 2008 income statements have been recast due to the application of new accounting guidance for noncontrolling interests. For more details, please refer to the notes contained in our 2009 Form 10-K.

Note: 2009 operating results reflect a charge recorded in connection with the proposed settlement of Virginia Power’s 2009 rate case proceeding, representing the amounts collected for the interim base rate increase that began on September 1, 2009 that are expected to be refunded to customers.

February 26, 2010 16

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion Energy

Unaudited Summary of Operating Results

	Three Months Ended				Twelve Months Ended
	December 31,				December 31,
	2009		20081, 2		2009 2		20081, 2
	(millions, except per share amounts)				(millions, except per share amounts)
Operating Revenue	$	962	$	1,208	$	3,810	$	4,470
Operating Expenses
Electric fuel and other energy-related purchases		2		7		25		37
Purchased electric capacity		-		-		-		-
Purchased gas		398		611		1,708		2,366
Other operations and maintenance		209		212		735		741
Depreciation, depletion and amortization		64		65		258		284
Other taxes		46		56		175		194
Total operating expenses		719		951		2,901		3,622
Income from operations		243		257		909		848
Other income		7		8		40		46
Income including noncontrolling interest before interest and income taxes		250		265		949		894
Interest and related charges		28		37		113		141
Income including noncontrolling interest before income taxes		222		228		836		753
Income taxes		77		92		319		283
Income including noncontrolling interest		145		136		517		470
Noncontrolling interests		-		-		-		-
Operating Earnings Contribution	$	145	$	136	$	517	$	470
Operating Earnings Per Share Contribution	$	0.25	$	0.24	$	0.87	$	0.81
Average shares outstanding, diluted		598.1		582.1		593.7		580.8

¹⁾ Our 2008 income statements have been recast due to the application of new accounting guidance for noncontrolling interests. For more details, please refer to the notes contained in our 2009 Form 10-K.

²⁾ Our 2009 and 2008 income statements have been recast due to Dominion management’s decision to retain Hope Gas, Inc. as a part of Dominion Energy.

February 26, 2010 17

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion Generation

Unaudited Summary of Operating Results

	Three Months Ended				Twelve Months Ended
	December 31,				December 31,
	2009		20081		2009		20081
	(millions, except per share amounts)				(millions, except per share amounts)
Operating Revenue	$	1,933	$	2,096	$	8,751	$	8,671
Operating Expenses
Electric fuel and other energy-related purchases		815		964		3,627		3,672
Purchased electric capacity		102		105		411		411
Purchased gas		-		2		-		8
Other operations and maintenance		577		500		1,936		1,905
Depreciation, depletion and amortization		134		111		492		423
Other taxes		42		42		179		179
Total operating expenses		1,670		1,724		6,645		6,598
Income from operations		263		372		2,106		2,073
Other income		20		18		79		81
Income including noncontrolling interest before interest and income taxes		283		390		2,185		2,154
Interest and related charges		48		55		201		230
Income including noncontrolling interest before income taxes		235		335		1,984		1,924
Income taxes		49		96		694		688
Income including noncontrolling interest		186		239		1,290		1,236
Noncontrolling interests		3		3		9		9
Operating Earnings Contribution	$	183	$	236	$	1,281	$	1,227
Operating Earnings Per Share Contribution	$	0.31	$	0.40	$	2.16	$	2.11
Average shares outstanding, diluted		598.1		582.1		593.7		580.8

¹⁾ Our 2008 income statements have been recast due to the application of new accounting guidance for noncontrolling interests. For more details, please refer to the notes contained in our 2009 Form 10-K.

Note: 2009 operating results reflect a charge recorded in connection with the proposed settlement of Virginia Power’s 2009 rate case proceeding, representing the amounts collected for the interim base rate increase that began on September 1, 2009 that are expected to be refunded to customers.

February 26, 2010 18

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Corporate and Other

Unaudited Summary of Operating Results

	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2009			20081			20091			20081
	(millions, except per share amounts)						(millions, except per share amounts)
Operating Revenue	$	181		$	213		$	683		$	721
Operating Expenses
Electric fuel and other energy-related purchases		-			-			-			-
Purchased electric capacity		-			-			-			-
Purchased gas		1			-			4			-
Other operations and maintenance		181			189			681			676
Depreciation, depletion and amortization		8			6			29			24
Other taxes		5			4			30			29
Total operating expenses		195			199			744			728
Income (loss) from operations		(14	)		14			(61	)		(7	)
Other income		39			27			147			113
Income including noncontrolling interest before interest and income taxes		25			41			86			106
Interest and related charges		145			128			533			486
Income including noncontrolling interest before income taxes		(120	)		(87	)		(447	)		(380	)
Income taxes		(74	)		(37	)		(207	)		(139	)
Income including noncontrolling interest		(46	)		(50	)		(240	)		(241	)
Noncontrolling interests		-			-			-			(1	)
Operating Earnings (Loss) Contribution	$	(46	)	$	(50	)	$	(240	)	$	(240	)
Operating Earnings (Loss) Per Share Contribution	$	(0.08	)	$	(0.09	)	$	(0.41	)	$	(0.41	)
Average shares outstanding, diluted		598.1			582.1			593.7			580.8

¹⁾ Our 2009 and 2008 income statements have been recast due to Dominion management’s decision to retain Hope Gas, Inc. as a part of Dominion Energy.

Note: Earnings for Peoples are excluded from operating earnings.

February 26, 2010 19

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion

Unaudited Operating Revenue Detail (GAAP Based)

(millions)

	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2009			20081			2009			20081
Dominion Consolidated
Operating Revenue
Electric sales:
Regulated	$	1,100		$	1,644		$	6,477		$	6,797
Nonregulated		884			874			3,802			3,543
Gas sales:
Regulated		171			409			829			1,307
Nonregulated		630			781			2,259			3,020
Gas transportation and storage		360			335			1,328			1,134
Other		110			130			436			489
Total operating revenue	$	3,255		$	4,173		$	15,131		$	16,290
Dominion Virginia Power
Operating Revenue
Electric sales:
Regulated	$	346		$	335		$	1,413		$	1,392
Nonregulated		205			144			781			487
Gas sales:
Regulated		-			-			-			-
Nonregulated		277			305			942			1,106
Gas transportation and storage		1			1			6			5
Other		34			37			139			121
Total operating revenue	$	863		$	822		$	3,281		$	3,111
Dominion Energy
Operating Revenue
Electric sales:
Regulated	$	-		$	-		$	-		$	-
Nonregulated		-			-			-			-
Gas sales:
Regulated		91			268			494			877
Nonregulated		439			535			1,715			2,177
Gas transportation and storage		350			320			1,291			1,092
Other		82			85			310			324
Total operating revenue	$	962		$	1,208		$	3,810		$	4,470
Dominion Generation
Operating Revenue
Electric sales:
Regulated	$	1,196		$	1,309		$	5,505		$	5,404
Nonregulated		723			762			3,183			3,187
Gas sales:
Regulated		-			-			-			-
Nonregulated		-			(1	)		1			(1	)
Gas transportation and storage		-			-			-			-
Other		14			26			62			81
Total operating revenue	$	1,933		$	2,096		$	8,751		$	8,671
Corporate and Other
Operating Revenue
Electric sales:
Regulated	$	(441	)	$	-		$	(441	)	$	-
Nonregulated		-			(1	)		-			1
Gas sales:
Regulated		79			147			335			436
Nonregulated		2			14			8			25
Gas transportation and storage		20			24			74			74
Other		179			211			677			717
Total operating revenue	$	(161	)	$	395		$	653		$	1,253

¹⁾ Operating Revenue have been recast due to Dominion management’s decision to retain Hope Gas, Inc.

The re-alignment shifted Hope Gas, Inc.'s results from Corporate to Dominion Energy.

February 26, 2010 20

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Operating Statistics

Dominion	Three Months Ended					Year Ended
Operating Statistics	December 31,					December 31,
	2009			2008		2009			2008
Dominion Consolidated
Regulated Electric Sales Revenue ($ millions)
Residential	$	698		$	694	$	3,156		$	2,858
Commercial		549			537		2,306			2,069
Industrial		132			139		559			550
Governmental		177			186		720			821
Regulated retail revenue		1,555			1,556		6,741			6,298
Wholesale - sales for resale		53			74		181			396
Other revenue1		(508	)		14		(445	)		103
Total	$	1,100		$	1,644	$	6,477		$	6,797

¹⁾ 4Q09 and full year 2009 amounts include a $523 million charge associated with the proposed settlement of Virginia Power’s 2009 rate case proceeding.

Note: Figures may not add due to rounding.

February 26, 2010 21

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion	Three Months Ended		Year Ended
Operating Statistics	December 31,		December 31,
	2009	2008	2009	2008
Dominion Virginia Power
Degree Days (Electric service area)
Cooling
Actual	26	34	1,477	1,621
Normal	45	38	1,545	1,538
Heating
Actual	1,285	1,352	3,747	3,427
Normal	1,317	1,330	3,638	3,681
Electric Delivery Customers (at period end)
Residential	2,149,288	2,133,222	2,149,288	2,133,222
Commercial	232,656	231,526	232,656	231,526
Industrial	576	588	576	588
Governmental	31,870	31,773	31,870	31,773
Total Retail	2,414,390	2,397,109	2,414,390	2,397,109
Wholesale - sales for resale	5	5	5	5
Total	2,414,395	2,397,114	2,414,395	2,397,114
Electricity Delivered (GWh)
Residential	6,778	6,968	29,920	29,643
Commercial	6,886	6,738	28,463	28,450
Industrial	2,124	2,213	8,644	9,779
Governmental	2,610	2,576	10,727	10,807
Total Retail	18,397	18,495	77,755	78,679
Wholesale - sales for resale	882	1,320	3,620	5,330
Total	19,279	19,815	81,374	84,009
Dominion Retail
Unregulated Energy Customer Accounts (Average)
Natural Gas	617,397	620,739	631,054	604,499
Electric	483,473	343,878	430,285	311,588
Products and Services	674,347	650,527	656,484	684,597
Total	1,775,217	1,615,144	1,717,823	1,600,684
Volumes Sold
Natural Gas (mmcf)	29,548	27,985	100,605	103,605
Electricity (MWh)	2,153,717	1,243,590	7,855,669	3,944,806

Note: Figures may not add due to rounding.

February 26, 2010 22

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion	Three Months Ended		Year Ended
Operating Statistics	December 31,		December 31,
	2009	2008	2009	2008
Dominion Energy - Gas Distribution1
Regulated Gas Revenue ($mm)
Gas sales revenue
Residential	$               79	$205	$             396	$663
Commercial	11	56	88	190
Industrial	1	4	6	19
Other	1	2	4	5
Total	$               91	$268	$             494	$877
Regulated Gas Transportation and Storage Revenue ($mm)
Gas transportation revenue
Residential	$             106	$102	$             374	$             298
Commercial	33	35	123	111
Industrial	12	13	45	52
Other	-	-	1	2
Total transportation revenue	152	150	544	463
Storage revenue	3	3	12	12
Total	$             154	$153	$             555	$475
Degree Days
Heating
Actual	2,019	2,213	5,847	6,065
Normal	2,012	2,009	5,711	5,723
LDC Natural Gas Customers (Average)
Gas sales customers
Residential	253,563	451,183	304,096	469,707
Commercial	11,237	30,802	16,274	32,426
Industrial	34	358	141	370
Other	24	24	24	24
Total	264,858	482,367	320,535	502,527
Gas transportation customers
Residential	957,206	765,850	912,380	753,666
Commercial	78,927	60,410	74,220	59,102
Industrial	1,562	1,290	1,471	1,297
Total	1,037,695	827,550	988,071	814,065
Total LDC natural gas customers
Residential	1,210,769	1,217,033	1,216,476	1,223,373
Commercial	90,164	91,212	90,494	91,528
Industrial	1,596	1,648	1,612	1,667
Other	24	24	24	24
Total	1,302,553	1,309,917	1,308,606	1,316,592
LDC Natural Gas Delivery (mmcf)
Gas sales volume
Residential	8,179	14,760	34,056	46,597
Commercial	1,188	4,190	7,705	13,945
Industrial	84	364	658	1,429
Other	104	140	349	456
Total	9,555	19,454	42,768	62,427
Gas transportation volume
Residential	29,464	27,449	87,022	80,874
Commercial	14,982	13,793	47,450	43,760
Industrial	20,939	20,656	70,324	94,176
Other	846	624	3,574	5,786
Total	66,231	62,522	208,370	224,596
Total LDC natural gas throughput
Residential	37,643	42,209	121,078	127,471
Commercial	16,170	17,983	55,155	57,705
Industrial	21,023	21,020	70,982	95,605
Other	950	764	3,923	6,242
Total	75,786	81,976	251,138	287,023

¹⁾ Includes Hope Gas, Inc. operations.

 Note: Figures may not add due to rounding.

February 26, 2010 23

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion Operating Statistics	Three Months Ended December 31,		Year Ended December 31,
	2009	2008	2009	2008
Dominion Energy - Gas Transmission
Natural Gas Liquids sales (million gallons)	43.2	37.9	162.1	151.8
Average Realized NGL Price with Hedging ($/gal)	$1.42	$1.45	$1.34	$1.53
Gas Shrinkage Cost ($mm)	$19.7	$20.8	$72.0	$106.0
Dominion Energy - Appalachia E&P*
*NGLs reported with Liquids
Volumes Produced
Natural Gas US (Bcf)	11.8	14.1	46.5	59.1
Liquids US (MBbls)	259.2	235.2	958.8	919.0
Total equivalent (Bcfe)	13.4	15.5	52.3	64.6
Average Realized Prices Without Hedging Results
Natural Gas (per Mcf)	$4.32	$6.92	$4.20	$8.96
Liquids (per Bbl)	$21.98	$25.13	$20.68	$38.51
Equivalent (per Mcfe)	$4.24	$6.66	$4.11	$8.73
Average Realized Prices With Hedging Results
Natural Gas (per Mcf)	$7.42	$8.54	$7.74	$8.71
Liquids (per Bbl)	$21.98	$25.18	$20.68	$38.03
Equivalent (per Mcfe)	$6.97	$8.13	$7.25	$8.50
E&P Lifting costs ($/mcfe)	$1.23	$1.44	$1.21	$1.37
E&P DD&A rates ($/mcfe)	$1.30	$1.80	$1.50	$1.93

Note: Figures may not add due to rounding.

February 26, 2010 24

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion Operating Statistics	Three Months Ended December 31,		Year Ended December 31,
	2009	2008	2009	2008
Dominion Generation
Regulated Generation
Electricity Sold (GWh) to VP/NCP customers
Residential	6,778	6,965	29,919	29,628
Commercial	6,886	6,738	28,463	28,450
Industrial	2,124	2,213	8,644	9,779
Governmental	2,610	2,576	10,727	10,807
Total Retail	18,397	18,492	77,754	78,664
Wholesale - sales for resale	882	1,320	3,620	5,330
Total	19,279	19,812	81,374	83,994
Merchant Generation
NEPOOL Merchant Fleet 1
Baseload Electric Sales (GWh)	5,241	5,848	24,499	23,887
Other Electric Sales (GWh)	507	388	1,819	1,435
Total Electric Sales (GWh)	5,748	6,236	26,318	25,322
PJM Merchant Fleet 2
Baseload Electric Sales (GWh)	718	995	2,766	3,668
Other Electric Sales (GWh)	1,429	1,237	6,532	4,144
Total Electric Sales (GWh)	2,147	2,232	9,298	7,811

1) Baseload Electric Sales include Millstone and the coal units at Brayton Point and Salem Harbor. Other Electric Sales include Manchester generating station and the oil units at Brayton Point and Salem Habor.

2) Baseload Electric Sales include the State Line generating station. Other Electric Sales includes the Fairless generating station.

Note: Figures may not add due to rounding.

February 26, 2010 25

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Schedule of Long-term Debt

Dominion Resources, Inc.

Schedule of Long-Term Debt - Preliminary & Unaudited

($ in Millions)

	At 12/31 2008			At 3/31 2009			At 6/30 2009			At 9/30 2009			At 12/31 2009
Dominion Resources, Inc.
Unsecured Senior Notes:
4.75% to 8.125%, due 2009 to 2014 (1)	$	1,879		$	1,829		$	1,829		$	1,829		$	1,529
5.15% to 8.875%, due 2015 to 2038 (1)	$	4,199		$	4,193		$	4,193		$	4,693		$	4,693
Variable rate, due 2010	$	300		$	300		$	300		$	300		$	300
Unsecured Debentures and Senior Notes (previously issued by CNG):
5.0% to 6.85%, due 2010 to 2014	$	1,291		$	1,291		$	1,291		$	1,291		$	1,291
6.8% and 6.875%, due 2026 and 2027	$	89		$	89		$	89		$	89		$	89
Unsecured Convertible Senior Notes, 2.125%, due 2023	$	202		$	202		$	202		$	202		$	202
Unsecured Junior Subordinated Notes Payable to Affiliated Trusts, 7.83% and 8.4%, due 2027 and 2031	$	268		$	268		$	268		$	268		$	268
Enhanced Junior Subordinated Notes, 6.3% to 8.375%, due 2064 and 2066	$	800		$	800		$	1,485		$	1,485		$	1,485
Virginia Electric and Power Company
Unsecured Senior Notes:
4.5% to 5.1%, due 2010 to 2013	$	1,230		$	1,230		$	1,230		$	1,230		$	1,230
5.25% to 8.875%, due 2015 to 2038	$	4,272		$	4,271		$	4,615		$	4,614		$	4,608
Tax-Exempt Financings:
Variable rates, due 2016 to 2040 (2)	$	119		$	119		$	119		$	119		$	119
5.5% and 7.65%, due 2009 and 2010	$	112		$	111		$	1		$	1		$	1
3.6% to 6.5%, due 2017 to 2035	$	393		$	393		$	503		$	503		$	503
Dominion Energy, Inc.
Secured Senior Note, 7.33%, due 2020	$	194		$	194		$	189		$	189		$	183
Tax-Exempt Financings, 5.0% and 5.75%, due 2033 to 2042 (3)	$	74		$	74		$	124		$	124		$	124
Total Principal Amount	$	15,422		$	15,364		$	16,438		$	16,937		$	16,625
Fair Value Hedge Valuation		15			14			12			29			23
Amounts Due Within One Year		(444	)		(444	)		(709	)		(709	)		(1,137	)
Unamortized Discount & Premium, net		(37	)		(35	)		(34	)		(34	)		(30	)
Total Long-Term Debt	$	14,956		$	14,899		$	15,707		$	16,223		$	15,481

⁽¹⁾ $50 million of the 5.0% 2003 Series D and $6.15 million of the 5.2% 2004 Series A Senior Notes were exchanged for approximately 1.6 million shares of common stock in February 2009.

⁽²⁾ $60 million of tax exempt bonds due in 2040 issued by the Wise County IDA on behalf of VEPCO in September 2009 are not included upon consolidation because the bonds have been temporarily purchased and are held by VEPCO.

⁽³⁾ $50 million of bonds issued by Dominion Energy Brayton Point, LLC in May 2009 refunded the December 2008 series that was not included upon consolidation because the bonds were temporarily held by DRI.

February 26, 2010 26

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Schedule of Debt Maturity

Dominion Resources, Inc. & Subsidiaries

2010 - 2014 Schedule of Debt Maturities as of December 31, 2009

($ in Millions)

	Due Date	DRI		VEPCO		Other		Total
2010
7.65% Series 1994-B IDA Pittsylvania Multitrade	01/01/10		-		1.2		-		1.2
8.125% 2000 Series A Senior Notes	06/15/10		77.5		-		-		77.5
Series C Senior Notes (floating rate)	06/17/10		300.0		-		-		300.0
6.0% 1998 Series A Debentures (from CNG Merger)	10/15/10		200.0		-		-		200.0
4.75% 2005 Series A Senior Notes	12/15/10		300.0		-		-		300.0
4.5% 2003 Series B Senior Notes	12/15/10		-		230.0		-		230.0
7.25% Mecklenburg Senior Bonds	multiple		-		9.2		-		9.2
8.625% Panda-Rosemary Senior Notes	multiple		-		5.1		-		5.1
7.33% Senior Secured Bonds	multiple		-		-		11.7		11.7
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		-		0.2		-		0.2
Total 2010			877.5		245.7		11.7		1,134.9
2011
6.85% 2001 Series A Senior Notes (from CNG Merger)	04/15/11		18.9		-		-		18.9
6.25% 2001 Series C Senior Notes (from CNG Merger)	11/01/11		450.0		-		-		450.0
7.25% Mecklenburg Senior Bonds	multiple		-		9.6		-		9.6
8.625% Panda-Rosemary Senior Notes	multiple		-		5.4		-		5.4
7.33% Senior Secured Bonds	multiple		-		-		12.5		12.5
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		-		0.2		-		0.2
Total 2011			468.9		15.2		12.5		496.6
2012
6.25% 2002 Series B Senior Notes	06/30/12		334.3		-		-		334.3
5.7% 2002 Series C Senior Notes	09/17/12		520.0		-		-		520.0
5.1% 2007 Series C Senior Notes	11/30/12		-		600.0		-		600.0
7.25% Mecklenburg Senior Bonds	multiple		-		9.8		-		9.8
8.625% Panda-Rosemary Senior Notes	multiple		-		5.6		-		5.6
7.33% Senior Secured Bonds	multiple		-		-		13.4		13.4
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		-		0.2		-		0.2
Total 2012			854.3		615.6		13.4		1,483.3
2013
4.75% 2003 Series A Senior Notes	03/01/13		-		400.0		-		400.0
5.0% 2003 Series D Senior Notes	03/15/13		250.0		-		-		250.0
6.625% 1993 Series B Debentures (from CNG Merger)	12/01/13		22.0		-		-		22.0
7.25% Mecklenburg Senior Bonds	multiple		-		11.6		-		11.6
8.625% Panda-Rosemary Senior Notes	multiple		-		5.9		-		5.9
7.33% Senior Secured Bonds	multiple		-		-		10.9		10.9
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		-		0.2		-		0.2
Total 2013			272.0		417.7		10.9		700.6
2014
5.0% 2003 Series A Senior Notes (from CNG Merger)	03/01/14		200.0		-		-		200.0
7.195% Remarketed 2000 Series E Senior Notes	09/15/14		47.3		-		-		47.3
5.0% 2004 Series A Senior Notes (from CNG Merger)	12/01/14		400.0		-		-		400.0
7.25% Mecklenburg Senior Bonds	multiple		-		11.2		-		11.2
8.625% Panda-Rosemary Senior Notes	multiple		-		6.1		-		6.1
7.33% Senior Secured Bonds	multiple		-		-		14.9		14.9
7.25% Ft Story, Ft Eustis, Ft Lee and Ft Monroe Promissory Notes	multiple		-		0.3		-		0.3
Total 2014			647.3		17.6		14.9		679.8
Total 5-year Debt Maturities		$	3,120.0	$	1,311.8	$	63.4	$	4,495.2

February 26, 2010 27

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Schedule of Change in Capitalization

Dominion Resources, Inc & Subsidiaries

Summary of Changes in Capitalization From December 31, 2008 to December 31, 2009

($ in Millions)

Change in Debt (Long-Term Debt plus Securities Due Within One Year)

Balance as of December 31, 2008			$	15,400
Issuances:
DRI 2009 Series A 8.375% Enhanced Jr Subordinated Notes due 2064	685
DRI 2009 Series A 5.2% Senior Notes due 2019	500
VEPCO 2009 Series A 5.0% Senior Notes due 2019	350
VEPCO EDA of York County 4.05% Series 2009 A due 2033	70
Brayton Tax Exempt Pollution Control Bond 5.75% due 2042 1	50
VEPCO EDA of the County of Chesterfield 5.0% Series 2009 A due 2023	40
	1,695	2
Maturities:
DRI 2002 Series D 5.125% Senior Notes due 2009	(300)
VEPCO IDA of York County 5.5% Series 1985 due 2009	(70)
DRI 2003 Series D 5.0% Senior Notes due 2013 3	(50)
VEPCO IDA of the County of Chesterfield 5.5% Series 1985 due 2009	(40)
DRI 2004 Series A 5.2% Senior Notes due 2016 3	(6)
Other	(26)
	(492)
Other:
Change in Fair Value Hedges and Net Discount/Premium	15
	15
Balance as of December 31, 2009			$	16,618
1) Refunded the December 2008 series that was not included upon consolidation because the bonds were temporarily held by DRI. 2) $60 million of tax exempt bonds due in 2040 issued by the Wise County IDA on behalf of VEPCO in September 2009 are not included upon consolidation because the bonds have been temporarily purchased and are held by VEPCO. 3) Principal of Senior Notes exchanged for approximately 1.6 million shares of common stock in February 2009.

Change in Shareholders’ Equity

Balance as of December 31, 2008				$        10,077
Issuance of Stock		531		-
Change in Other Paid-in Capital		3
Changes in AOCI:
Net Other Comprehensive Gain (Loss) associated with effective portion of changes in fair value of derivatives designated as cash flow hedges, net of taxes and amounts reclassified to earnings:
Interest Rate	101
Gas	(48)
Electricity	(146)
Other 4	(133)
		(226	)
Other changes in Net Other Comprehensive Income 5		284
Change in Retained Earnings		516
				1,108
Balance as of December 31, 2009				$        11,185
4) Other includes debt related, capacity, NGL, oil and foreign exchange hedges. 5) Primarily reflects a net increase in unrealized gains on investments held in nuclear decommissioning trusts.

February 26, 2010 28

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Forecast And Outlook

Reconciliation of 2009 Operating Earnings to Guidance

2009 Summary

Dominion

2009 Operating Earnings Guidance

(millions, except per share amounts)

	20081	Range of Total 2009		20091
	Actual	Low	High	Actual
Operating Earnings before Interest and Taxes
Dominion Virginia Power	$769	$822	$852		$784
Dominion Energy	894	894	965		949
Dominion Generation	2,154	2,245	2,400		2,185
Corporate and Other & Eliminations	(61)	28	38		(31)
Total EBIT	3,756	3,989	4,255		3,887
Consolidated Interest	839	1,027	1,007		889
Consolidated Income Taxes	1,064	1,126	1,234		1,039
Noncontrolling Interests	16				17
Operating Earnings 2	$1,837	$1,837	$2,014		$1,942
Average Diluted Shares Outstanding	580.8	593.0	591.0		593.7
Operating EPS Range	$3.16	$3.10	$3.41		$3.27
2009 Operating EPS Guidance Range		$3.20	$3.30
Note: Totals may not add due to rounding	2009 Operating EPS Actual >>>			$	3.27

1) Our 2008 and 2009 operating earning has been recast due to Dominion management's decision to retain Hope Gas, Inc. as part of Dominion Energy.

2) Refer to pages 9 - 10 for details related to Items excluded from operating earnings or find “GAAP Reconciliation" on Dominion's web site at www.dom.com/investors/.

February 26, 2010 29

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

4Q09 Summary

Dominion

4Q09 Operating Earnings Guidance

(millions, except per share amounts)

	4Q081	Range of Total 4Q09		4Q09
	Actual	Low	High	Actual
Operating Earnings before Interest and Taxes
Dominion Virginia Power	$201	$181	$197	$189
Dominion Energy	265	207	245	250
Dominion Generation	390	273	358	283
Corporate and Other & Eliminations	(10)	1	7	(3)
Total EBIT	846	661	806	719
Consolidated Interest	205	237	227	232
Consolidated Income Taxes	213	116	172	108
Noncontrolling Interests	4	4	4	5
Operating Earnings2	$424	$303	$403	$374
Average Diluted Shares Outstanding	582.1	599.0	597.0	598.1
Operating EPS Range2	$0.73	$0.51	$0.68	$0.63
4Q09 Operating EPS Guidance Range		$0.55	$0.65
Note: Totals may not add due to rounding	4Q09 Operating EPS Actual >>>			$0.63

1) Our 2008 operating earning has been recast due to Dominion management's decision to retain Hope Gas, Inc. as part of Dominion Energy.

2) Refer to pages 9 - 10 for details related to Items excluded from operating earnings or find “GAAP Reconciliation" on Dominion's Web site at www.dom.com/investors/.

February 26, 2010 30

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Dominion Generation – Non-Contracted Plants EBITDA

Description	4Q08         Actual	4Q09     Assumption	4Q09        Actual
NEPOOL Merchant Fleet 1
Baseload Electric Sales (GWh)	5,848	5,484	5,241
Other Electric Sales (GWh)	388	354	507
Total Electric Sales (GWh)	6,236	5,838	5,748
NEPOOL EBITDA ($mm) 1, 3	$260	$235 -$255	$228
PJM Merchant Fleet 2
Baseload Electric Sales (GWh)	995	627	718
Other Electric Sales (GWh)	1,237	861	1,429
Total Electric Sales (GWh)	2,232	1,488	2,147
PJM EBITDA ($mm) 2, 3	$32	$12 - $22	$21
Select 4Q09 Market Price, Volume and Hedging Assumptions:
Average Energy Market Price: 4
Average Mass Hub/New Eng. Price (7x24) ($/MWh)	$60.35	$44.31	$44.32
Average PJM West Price (7x24) ($/MWh)	$53.17	$36.99	$37.65
Average NI Hub Price (7x24) ($/MWh)	$39.16	$26.35	$29.10
NEPOOL Baseload Merchant Fleet Hedge Data: 5
Net Summer Capability (MW)	3,459	3,442	3,442
Energy % Hedged 7, 8	95%	88%	88%
Energy % Unhedged 8	5%	12%	12%
Average Energy Hedge Price ($/MWh)	$76.79	$80.19	$80.14
PJM Baseload Merchant Fleet Hedge Data: 6
Net Summer Capability (MW)	515	515	515
Energy % Hedged 7, 8	100%	84%	84%
Energy % Unhedged 8	0%	16%	16%
Average Energy Hedge Price ($/MWh)	$48.94	$55.91	$55.91

1) Baseload Electric Sales include Millstone and the coal units at Brayton Point and Salem Harbor.

Other Electric Sales includes Manchester generating station and the oil units at Brayton Point and Salem Habor.

2009 Assumption - Other Electric Sales are based on a three-year historical average due to a lack of correlation between sales volumes and EBITDA associated with mid-merit and peaking units.

2) Baseload Electric Sales include the State Line generating station.

Other Electric Sales includes the Fairless generating station.

2009 Assumption - Other Electric Sales are based on a three-year historical average due to a lack of correlation between sales volumes and EBITDA associated with mid-merit and peaking units.

3) Regional EBITDA, including capacity revenue.

4) 4Q09 based on Dominion's planning assumption. 4Q09 Actual based on December 31, 2009 commodity prices.

5) Includes Brayton Point, Millstone and Salem Harbor Baseload generating stations.

6) Includes State Line generating station only.

7) Percentage calculations are capacity-weighted.

8) Figures may not add due to rounding.

February 26, 2010 31

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risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Hedging

Natural Gas and Natural Gas Liquids Hedge Position

Dominion - Natural Gas and Natural Gas Liquids Hedge Position

(as of January 28, 2010)

Description	2010	2011
Estimated Natural Gas Equivalent Production (million mmbtu) 1	48-50	54-56
Estimated Company Use/Other 2	6	7
Estimated Natural Gas Equivalent Available for Hedging (million mmbtu) 3	43	48
Natural Gas Equivalent Hedged
Commodity Hedges (million mmbtu) 4	32	10
Average Hedge Price ($/mmbtu) 4, 5	$7.83	$7.52
Percent Hedged 6	74%	20%
Estimated Natural Gas Liquids sales (million gallons)	165 - 175	165 - 175
Natural Gas Liquids Hedged
Commodity Hedges (million gallons)	135	134
Average Hedge Price ($/gal) 7	$1.32	$1.34
Percent Hedged 8	80%	79%

Footnotes:

1) Includes Dominion Transmission, Inc. Equivalent Natural Gas Production includes approximately 3-4 million mmbtu of NGL and oil production. 1 million mmbtu equals approximately 1 Bcf.

2) Company Use/Other includes adjustments for offsystem sales, retainage, and severance taxes.

3) Estimated Natural Gas Equivalent Available for Hedging is equal to the midpoint of Estimated Natural Gas Equivalent Production less Estimated Company Use/Other

4) Includes Dominion Transmission, Inc.

5) The impact of locational basis differential is reflected in the average hedge price.

6) Percent hedged is equal to Commodity Hedges divided by Estimated Natural Gas Equivalent Available for Hedging.

7) Average hedge price is based on a basket of liquids products: propane (52%), normal butane (17%), iso-butane (10%) and natural gasoline (21%).

8) Percent hedged for Natural Gas Liquids is based on the mid-point of Estimated Natural Gas Liquids sales.

February 26, 2010 32

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Electric Generation and Coal Hedge Position

Dominion - Summer Capacity Ratings, Energy, and Fuel Hedge Positions

(as of January 28, 2010)

Power Hedge Position 1	Net Summer Capacity (MW)	2010		2011
Utility Generation	18,303		100%		100%
Merchant Generation
Millstone	2,023		90%		31%
Dominion New England Coal	1,419		85%		13%
Dominion New England Oil	878		0%		0%
Manchester	432		0%		0%
Fairless	1,196		14%		15%
State Line	515		76%		49%
Kewaunee	556		100%		100%
Kincaid	1,158		100%		100%
Elwood	712		100%		100%
NedPower	132		38%		38%
Fowler Ridge	150		33%		33%
Other	33		100%		100%
Total Merchant 2	9,204		69%		44%
Total Generation 2	27,507		90%		83%
Fuel Hedging & Power Pricing		2010		2011
Dominion New England Coal (Fuel) % Hedged			85%		12%
State Line Coal (Fuel) % Hedged			78%		48%
NEPOOL Baseload - Average Hedge Price ($/MWh) 3		$	67.08	$	70.82
PJM Baseload - Average Hedge Price ($/MWh) 4		$	55.72	$	52.56

1) Baseload units include the amount of available energy hedged. Non-baseload units include the amount of available capacity or “spark spread” hedged.

Capacity shown represents only Dominion's interest in facility. Assume capacity remains constant in all periods shown.

2) Annual percentage calculations are capacity-weighted.

3) NEPOOL Baseload includes Brayton Point, Millstone and Salem Harbor Baseload Power Stations.

4) PJM Baseload includes State Line Power Station.

February 26, 2010 33

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Regional Capacity Hedge Position

Dominion Generation - Regional Capacity Hedge and Price Positions

(as of January 28, 2010)

NEPOOL Capacity Hedging & Pricing	2010	2011
EFOR Adjusted Capacity for Dominion New England & Millstone (MW)	4,744	4,822
Capacity Percent Hedged Bilaterally	15%	3%
Balance Cleared in Nepool Auction	85%	97%
Average Capacity Hedge Price ($/KW - - month)	$4.22	$3.65
PJM Capacity Hedging & Pricing 1
EFOR Adjusted Capacity for Fairless (MW)	1,162	1,171
Capacity Percent Hedged Bilaterally	13%	0%
Balance Cleared in PJM RPM Auctions 2	87%	100%
Average Capacity Hedge Price ($/KW - - month)	$5.21	$4.07
EFOR Adjusted Capacity for State Line (MW)	480	476
Capacity Percent Hedged Bilaterally	0%	0%
Balance Cleared in PJM RPM Auctions 2	100%	100%
Average Capacity Hedge Price ($/KW - month)	$4.36	$4.17
EFOR Adjusted Capacity for NedPower (MW)	23	20
Capacity Percent Hedged Bilaterally	0%	0%
Balance Cleared in PJM RPM Auctions 2	100%	100%
Average Capacity Hedge Price ($/KW - month)	$5.58	$4.23
EFOR Adjusted Capacity for Fowler Ridge	37	31
Capacity Percent Hedged Bilaterally	0%	0%
Balance Cleared in PJM RPM Auctions 2	100%	100%
Average Capacity Hedge Price ($/KW - - month)	$3.50	$4.27

1) For the June 1, 2009 to May 31, 2010 planning period, Fairless RPM auction clearing price based on Eastern MAAC LDA and NedPower RPM Auction clearing price based on MAAC + APS LDA. All other capacity resources cleared at the RTO RPM clearing price. For the June 1, 2010 to May 31, 2012 planning periods, all capacity resources cleared at the RTO RPM auction clearing price. There were no constrained Locational Deliverablity Areas (LDAs).

2) 2010 based on RPM auction prices for the planning period June 1, 2009 to May 31, 2010 and June 1, 2010 to May 31, 2011. 2011 based on RPM auction prices for the planning period June 1, 2010 to May 31, 2011 and June 1, 2011 to May 31, 2012.

February 26, 2010 34

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

GAAP Reconciliation

2009 and 2010 Earnings Expectations

Earnings Per Share (diluted)

Reconciliation of measures prepared in accordance with Generally Accepted Accounting

Principles (GAAP) versus non-GAAP measures

1Q 2009 Operating Earnings (actual)*:	$0.98
2Q 2009 Operating Earnings (actual)*:	$0.68
3Q 2009 Operating Earnings (actual)*:	$0.99
4Q 2009 Operating Earnings (actual)*:	$0.63
FY 2009 Operating Earnings (actual)*:	$3.27
1Q 2010 Operating Earnings (estimate):	$0.90 - $1.00
FY 2010 Operating Earnings (estimate):	$3.20 - $3.40
1Q 2009 Reported Earnings (actual):	$0.42
2Q 2009 Reported Earnings (actual):	$0.76
3Q 2009 Reported Earnings (actual):	$1.00
4Q 2009 Reported Loss (actual)	($0.01)
FY 2009 Reported Earnings (actual):	$2.17
1Q 2010 Reported Earnings (estimate):	See Note 1 below
FY 2010 Reported Earnings (estimate):	See Note 1 below
* YTD 2009 EPS may not equal sum of quarters due to share count differences.

1. In providing its first-quarter and full-year 2010 operating earnings guidance the company notes that there could be differences between expected reported (GAAP) earnings and estimated operating earnings for matters such as, but not limited to, divestitures, changes in accounting principles or the outcome of the company’s pending Virginia rate case proceedings. At this time, Dominion management is not able to estimate the impact, if any, of these items on reported earnings. Accordingly, Dominion is not able to provide a corresponding GAAP equivalent for its operating earnings guidance.

Dominion uses operating earnings as the primary performance measurement of its earnings guidance and results for public communications with analysts and investors. Dominion also uses operating earnings internally for budgeting, for reporting to the board of directors, for the company’s incentive compensation plans and for its targeted dividend payouts and other purposes. Dominion management believes operating earnings provide a more meaningful representation of the company’s fundamental earnings power.

Dominion’s estimates of first-quarter and full-year 2010 earnings are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations may include factors that are beyond the company’s ability to control or estimate precisely, such as the approval by the Virginia State Corporation Commission of the company’s proposed settlement agreement relating to Virginia jurisdictional rate case proceedings, fluctuations in energy-related commodity prices, the timing of the closing dates of acquisitions or divestitures, estimates of future market conditions, access to and costs of capital, fluctuations in the value

February 26, 2010 35

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risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

of our pension assets and assets held in our decommissioning trusts, estimates of proved and unproved reserves, the company’s ability to meet its natural gas and oil production forecasts, the timing and receipt of regulatory approvals necessary for planned projects, acquisitions and divestitures, and the ability to complete planned construction or expansion projects as scheduled. Other factors include, but are not limited to, weather conditions, including the effects of hurricanes and major storms on operations, the behavior of other market participants, state and federal legislative and regulatory developments and changes to environmental and other laws and regulations, including those related to climate change, greenhouse gases and other emissions to which we are subject, economic conditions in the company’s service area, risks of operating businesses in regulated industries that are subject to changing regulatory structures, changes to regulated gas and electric rates collected by Dominion, changes to rating agency requirements and ratings, changing financial accounting standards, trading counter-party credit risks, risks related to energy trading and marketing, adverse outcomes in litigation matters, and other uncertainties. Other risk factors are detailed from time to time in Dominion’s most recent quarterly report on Form 10-Q or annual report on Form 10-K filed with the Securities and Exchange Commission.

February 26, 2010 36

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Appendix

2009 Weather Variance

Dominion - Effect of weather compared to normal ¹

Pre-tax Impact ($millions)
Description	1Q09	2Q09	3Q09	4Q09	FY2009
Gas Distribution 2	$4.6	($0.7)	($0.4)	$0.3	$3.8
Electric Distribution 3	7.8	(0.5)	(10.0)	(2.6)	($5.3)
Electric Transmission 3	1.2	(0.1)	(1.5)	(0.2)	($0.6)
Utility Generation (VaP) 4	16.1	(1.4)	(31.1)	(5.3)	($21.7)
Earnings Impact (pre-tax)	$29.7	($2.7)	($43.0)	($7.8)	($23.8)
After-tax Impact ($millions)
Description	1Q09	2Q09	3Q09	4Q09	FY2009
Gas Distribution 2	$3.0	($0.5)	($0.3)	$0.2	$2.4
Electric Distribution 3	4.9	(0.2)	(6.1)	(1.8)	($3.2)
Electric Transmission 3	0.7	0.0	(1.0)	(0.1)	($0.4)
Utility Generation (VaP) 4	9.9	(0.8)	(19.2)	(3.3)	($13.4)
Earnings Impact (after-tax)	$18.5	($1.5)	($26.6)	($5.0)	($14.6)
Dominion - Effect of weather compared to prior period 1
Pre-tax Impact ($millions)
Description	1Q’09 v. ’08	2Q’09 v. ’08	3Q’09 v. ’08	4Q’09 v. ’08	FY ’09 v. ’08
Gas Distribution 2	($3.2)	$0.0	$0.1	($3.6)	($6.7)
Electric Distribution 3	22.0	(4.3)	(9.3)	(4.6)	$3.8
Electric Transmission 3	3.5	(0.5)	(1.4)	(0.7)	$0.9
Utility Generation (VaP) 4	43.1	(12.5)	(23.0)	(7.1)	$0.5
Earnings Impact (pre-tax)	$65.4	($17.3)	($33.6)	($16.0)	($1.5)
After-tax Impact ($millions)
Description	1Q’09 v. ’08	2Q’09 v. ’08	3Q’09 v. ’08	4Q’09 v. ’08	FY ’09 v. ’08
Gas Distribution 2	($2.1)	$0.0	$0.1	($2.3)	($4.3)
Electric Distribution 3	13.4	(2.6)	(5.7)	(2.8)	$2.3
Electric Transmission 3	2.2	(0.3)	(0.9)	(0.4)	$0.6
Utility Generation (VaP) 4	27.8	(7.7)	(14.2)	(5.6)	$0.3
Earnings Impact (after-tax)	$41.3	($10.6)	($20.7)	($11.1)	($1.1)

1) The effects on earnings from differences in weather compared to normal and compared to prior period are measured using base rate revenue.

2) Reported in the Dominion Energy segment. Includes Dominion East Ohio Gas Company and Hope Gas, Inc.

On October 16, 2008, Dominion East Ohio Gas implemented a rate case settlement which began the transition to Straight Fixed Variable (SFV) rate design. Under the SFV rates approved, DEO recovers a larger portion of its fixed operating costs through a flat monthly charge accompanied by a reduced volumetric base delivery rate. Accordingly, DEO’s revenues are less impacted by weather-related fluctuations in natural gas consumption than under the traditional rate design.

3) Reported in the Dominion Virginia Power segment.

4) Reported in the Dominion Generation segment.

Note: Figures may not add due to rounding

February 26, 2010 37

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Virginia Power Weather-Normalized Electricity Sales

 Virginia Power

 Weather-Normalized Electricity Sales

Regulated Electric Sales (GWh)	4Q08	4Q09	4Q09     vs. 4Q08
Residential	6,931	6,923	-0.1%
Commercial	6,731	6,916	2.8%
Industrial	2,213	2,124	-4.0%
Governmental	2,575	2,614	1.5%
Total Retail	18,450	18,576	0.7%
Other	471	454	-3.6%
Total	18,921	19,030	0.6%
Regulated Electric Sales (GWh)	2008	2009	2009     vs. 2008
Residential	30,060	30,230	0.6%
Commercial	28,479	28,571	0.3%
Industrial	9,750	8,667	-11.1%
Governmental	10,791	10,752	-0.4%
Total Retail	79,080	78,220	-1.1%
Other	2,014	1,918	-4.8%
Total	81,094	80,139	-1.2%

February 26, 2010 38

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Supplemental Treasury Information

Dominion Liquidity Position

(All amounts in $ millions)
Description	12/31/2009
Total Committed Bank Lines	$4,772
Less:
Commercial Paper Outstanding	795
Letters of Credit Issued	204
Funded Loans	500
Total Available Capacity	3,273
Cash On Hand	48
Total Liquidity Available	$3,321

Committed bank lines consist of the following:

A $2.872 billion five-year revolving credit facility entered into by Dominion Resources, Inc. and Virginia Electric and Power Company in February 2006 which terminates in February 2011. This facility is available to Dominion Resources, Inc. as well as Virginia Electric and Power Company.

A $1.70 billion five-year revolving credit facility originally entered into by CNG in August 2005, and which terminates in August 2010. In June 2007, by virtue of the merger of CNG into DRI, DRI succeeded to all the rights and obligations of CNG under the Agreement.

A $200 million five-year revolving credit facility originally entered into by CNG in December 2005, and which terminates in December 2010. In June 2007, by virtue of the merger of CNG into DRI, DRI succeeded to all the rights and obligations of CNG under the Agreement.

Additionally, there is a $120 million five-year revolving credit facility (not reflected in table above) entered into by Virginia Electric and Power Company in February 2006, and which terminates in February 2011, which is dedicated to Virginia Electric and Power Company’s tax-exempt commercial paper issuances.

Please refer to page 27 of this Earnings Release Kit for a Schedule of Debt Maturities

February 26, 2010 39

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

Impact of Revised Proposed Settlement in VA Base Rate Proceeding on 2009 Results

Description	Pre-tax ($ millions)	After-tax ($ millions)	EPS ($ per share)
Items Excluded from Operating Earnings
Revised Proposed Rate Settlement	($712)	($435)	($0.73)
Operating Earnings Impact (No change)
Reserve for Interim Rates (9/1/09 - 12/31/09)	($82)	($50)	($0.08)

February 26, 2010 40

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

DOMINION – REVISED 4Q09 EARNINGS RELEASE KIT

List of Revised Schedules

The following Schedules, included in this Release Kit, have been revised to reflect the settlement announced on February 26, 2010:

Schedule	Page Number
Schedule 1 - Segment Operating Earnings	8
Schedule 2 - Reconciliation of 2009 Operating Earnings to Reported Earnings	9
Schedule 4 - Reconciliation of 2009 Earnings to 2008	11
Consolidated Financial Statements (GAAP) - Dominion Consolidated
Preliminary & Unaudited Income Statements (GAAP Based)	12
Preliminary & Unaudited Balance Sheets (Summarized)	13
Preliminary & Unaudited Statements of Cash Flows (Summarized)	14
Segment Operating Earnings Results
Dominion Consolidated - Unaudited Summary of Operating Results	15
Dominion Virginia Power - Unaudited Summary of Operating Results	16
Dominion Energy - Unaudited Summary of Operating Results	17
Dominion Generation - Unaudited Summary of Operating Results	18
Corporate and Other - Unaudited Summary of Operating Results	19
Dominion - Unaudited Operating Revenue Detail (GAAP Based)	20
Operating Statistics - Dominion Consolidated	21
Schedule of Changes in Capitalization - Dominion Resources, Inc. & Subsidiaries	28
4Q09 Summary - Dominion - 4Q09 Operating Earnings Guidance	30
GAAP Reconciliation - 2009 and 2010 Earnings Expectations	35

February 26, 2010 41

Please refer to the “Important Note to Investors” on page 3 of the 4Q09 Earnings Release Kit for

risks and uncertainties related to projections and forward-looking statements.

EX-99.3

Exhibit 99.3

Dominion Consolidated

Unaudited Summary of Operating results

(millions, except per share amounts)

		Year ended 12/31/09			Quarter ended 12/31/09			Quarter ended 09/30/09		Quarter ended 06/30/09		Quarter ended 03/31/09
Operating Revenue	$	15,242		$	3,617		$	3,630	$	3,406	$	4,589
Operating Expenses
Electric fuel and other energy-related purchases		4,155			946			1,072		996		1,141
Purchased electric capacity		411			102			96		106		107
Purchased gas		2,199			560			281		350		1,008
Other operations and maintenance		3,208			937			714		777		780
Depreciation, depletion and amortization		1,120			290			276		273		280
Other taxes		483			117			106		108		153
Total operating expenses		11,576			2,952			2,545		2,610		3,469
Income from operations		3,666			665			1,085		796		1,120
Other income		221			54			72		50		44
Income including noncontrolling interests before interest and income taxes		3,887			719			1,157		846		1,164
Interest and related charges		889			232			217		220		219
Income including noncontrolling interest before income taxes		2,998			487			940		626		945
Income taxes		1,039			108			346		218		367
Income including noncontrolling interest		1,959			379			594		408		578
Noncontrolling interests		17			5			4		4		4
Operating Earnings	$	1,942		$	374		$	590	$	404	$	574
Operating Earnings Per Share	$	3.27		$	0.63		$	0.99	$	0.68	$	0.98
Items excluded from operating earnings (net of taxes)		(655	)		(383	)		4		50		(326	)
Reported Earnings	$	1,287		$	(9	)	$	594	$	454	$	248
Reported Earnings Per Common Share - Diluted	$	2.17		$	(0.01	)	$	1.00	$	0.76	$	0.42
Average shares outstanding, diluted		593.7			598.1			596.3		594.0		585.7

Our 2009 income statements have been recast due to Dominion management’s decision to retain Hope Gas, Inc. as a part of Dominion Energy.

Notes: Figures may not add due to rounding For additional detail on items excluded from operating earnings, visit Dominion’s Investor Relations Web site at www.dom.com/investors under “GAAP Reconciliation”.   2009 operating results reflect a charge recorded in connection with the proposed settlement of Virginia Power’s 2009 rate case proceeding, representing the amounts collected for the interim base rate increase that began on September 1, 2009 that are expected to be refunded to customers.

Page 1 of 11

Dominion Virginia Power

Unaudited Summary of Operating results

(millions, except per share amounts)

		Year ended 12/31/2009		Quarter ended 12/31/09		Quarter ended 09/30/09		Quarter ended 06/30/09		Quarter ended 03/31/09
Operating Revenue	$	3,281	$	863	$	686	$	680	$	1,052
Operating Expenses
Electric fuel and other energy-related purchases		658		170		199		157		132
Purchased electric capacity		-		-		-		-		-
Purchased gas		869		244		50		118		457
Other operations and maintenance		602		168		148		140		146
Depreciation, depletion and amortization		341		85		88		86		82
Other taxes		99		24		25		23		27
Total operating expenses		2,569		691		510		524		844
Income from operations		712		172		176		156		208
Other income		72		17		19		19		17
Income including noncontrolling interests before interest and income taxes		784		189		195		175		225
Interest and related charges		159		39		42		39		39
Income including noncontrolling interest before income taxes		625		150		153		136		186
Income taxes		233		56		56		52		69
Income including noncontrolling interest		392		94		97		84		117
Noncontrolling interests		8		2		2		2		2
Operating Earnings Contribution	$	384	$	92	$	95	$	82	$	115
Operating Earnings Per Share Contribution	$	0.65	$	0.15	$	0.16	$	0.14	$	0.20
Average shares outstanding, diluted		593.7		598.1		596.3		594.0		585.7

Notes: Figures may not add due to rounding 2009 operating results reflect a charge recorded in connection with the proposed settlement of Virginia Power’s 2009 rate case proceeding, representing the amounts collected for the interim base rate increase that began on September 1, 2009 that are expected to be refunded to customers.

Page 2 of 11

Dominion Energy

Unaudited Summary of Operating results

(millions, except per share amounts)

	Year ended 12/31/09		Quarter ended 12/31/09		Quarter ended 09/30/09		Quarter ended 06/30/09		Quarter ended 03/31/09
Operating Revenue	$	3,810	$	962	$	714	$	785	$	1,349
Operating Expenses
Electric fuel and other energy-related purchases		25		2		2		1		21
Purchased electric capacity		-		-		-		-		-
Purchased gas		1,708		398		303		346		661
Other operations and maintenance		735		209		150		155		220
Depreciation, depletion and amortization		258		64		62		62		71
Other taxes		175		46		29		35		65
Total operating expenses		2,901		719		546		599		1,038
Income from operations		909		243		168		186		311
Other income		40		7		11		11		12
Income including noncontrolling interests before interest and income taxes		949		250		179		197		323
Interest and related charges		113		28		28		29		28
Income including noncontrolling interests before income taxes		836		222		151		168		295
Income taxes		319		77		57		66		118
Income including noncontrolling interests		517		145		94		102		177
Noncontrolling interests		-		-		-		-		-
Operating Earnings Contribution	$	517	$	145	$	93	$	102	$	177
Operating Earnings Per Share Contribution	$	0.87	$	0.25	$	0.16	$	0.17	$	0.30
Average shares outstanding, diluted		593.7		598.1		596.3		594.0		585.7

Our 2009 income statements have been recast due to Dominion management’s decision to retain Hope Gas, Inc. as a part of Dominion Energy.

Note: Figures may not add due to rounding

Page 3 of 11

Dominion Generation

Unaudited Summary of Operating results

(millions, except per share amounts)

	Year ended 12/31/09		Quarter ended 12/31/09		Quarter ended 09/30/09		Quarter ended 06/30/09		Quarter ended 03/31/09
Operating Revenue	$	8,751	$	1,933	$	2,376	$	2,114	$	2,328
Operating Expenses
Electric fuel and other energy-related purchases		3,627		815		925		882		1,005
Purchased electric capacity		411		102		96		105		108
Purchased gas		-		-		-		-		-
Other operations and maintenance		1,936		577		435		486		438
Depreciation, depletion and amortization		492		134		119		119		120
Other taxes		179		42		45		43		49
Total operating expenses		6,645		1,670		1,620		1,635		1,720
Income from operations		2,106		263		756		479		608
Other income		79		20		33		12		14
Income including noncontrolling interests before interest and income taxes		2,185		283		789		491		622
Interest and related charges		201		48		50		54		49
Income including noncontrolling interest before income taxes		1,984		235		739		437		573
Income taxes		694		49		278		165		202
Income including noncontrolling interest		1,290		186		461		272		371
Noncontrolling interests		9		3		2		2		2
Operating Earnings Contribution	$	1,281	$	183	$	459	$	270	$	369
Operating Earnings Per Share Contribution	$	2.16	$	0.31	$	0.77	$	0.46	$	0.63
Average shares outstanding, diluted		593.7		598.1		596.3		594.0		585.7

Notes: Figures may not add due to rounding

2009 operating results reflect a charge recorded in connection with the proposed settlement of Virginia Power’s 2009 rate case proceeding, representing the amounts collected for the interim base rate increase that began on September 1, 2009 that are expected to be refunded to customers.

Page 4 of 11

Corporate and Other

Unaudited Summary of Operating results

(millions, except per share amounts)

	Year ended 12/31/09			Quarter ended 12/31/09			Quarter ended 09/30/09			Quarter ended 06/30/09			Quarter ended 03/31/09
Operating Revenue	$	683		$	181		$	171		$	161		$	170
Operating Expenses
Electric fuel and other energy-related purchases		-			-			-			-			-
Purchased electric capacity		-			-			-			-			-
Purchased gas		4			1			1			1			1
Other operations and maintenance		681			181			172			171			156
Depreciation, depletion and amortization		29			8			7			7			7
Other taxes		30			5			6			7			13
Total operating expenses		744			195			186			186			177
Income (loss) from operations		(61	)		(14	)		(15	)		(25	)		(7	)
Other income		147			39			38			38			31
Income including noncontrolling interests before interest and income taxes		86			25			23			13			24
Interest and related charges		533			145			126			128			134
Income including noncontrolling interests before income taxes		(447	)		(120	)		(103	)		(115	)		(110	)
Income taxes		(207	)		(74	)		(46	)		(65	)		(23	)
Income including noncontrolling interests		(240	)		(46	)		(57	)		(50	)		(87	)
Noncontrolling interests		-			-			-			-			-
Operating Earnings (Loss) Contribution	$	(240	)	$	(46	)	$	(57	)	$	(50	)	$	(87	)
Operating Earnings (Loss) Per Share Contribution	$	(0.41	)	$	(0.08	)	$	(0.10	)	$	(0.09	)	$	(0.15	)
Average shares outstanding, diluted		593.7			598.1			596.3			594.0			585.7

Our 2009 income statements have been recast due to Dominion management’s decision to retain Hope Gas, Inc. as a part of Dominion Energy.

Note: Figures may not add due to rounding

Page 5 of 11

Dominion

Unaudited Operating Revenue Detail (GAAP Based)

(millions)

	Year ended 12/31/09			Quarter ended 12/31/09			Quarter ended 09/30/09			Quarter ended 06/30/09		Quarter ended 03/31/09
Dominion Consolidated
Operating Revenue
Electric sales:
Regulated	$	6,477		$	1,100		$	1,905		$	1,648	$	1,824
Nonregulated		3,802			884			999			925		994
Gas sales:
Regulated		829			171			50			91		517
Nonregulated		2,259			630			338			378		912
Gas transportation and storage		1,328			360			249			299		420
Other		436			110			107			109		111
Total operating revenue	$	15,131		$	3,255		$	3,648		$	3,450	$	4,778
Dominion Virginia Power
Operating Revenue
Electric sales:
Regulated	$	1,413		$	346		$	361		$	340	$	368
Nonregulated		781			205			234			182		160
Gas sales:
Regulated		-			-			-			-		-
Nonregulated		942			277			52			123		490
Gas transportation and storage		6			1			1			1		2
Other		139			34			38			34		32
Total operating revenue	$	3,281		$	863		$	686		$	680	$	1,052
Dominion Energy1
Operating Revenue
Electric sales:
Regulated	$	-		$	-		$	-		$	-	$	-
Nonregulated		-			-			-			-		-
Gas sales:
Regulated		494			91			25			47		331
Nonregulated		1,715			439			364			369		542
Gas transportation and storage		1,291			350			249			294		398
Other		310			82			76			75		78
Total operating revenue	$	3,810		$	962		$	714		$	785	$	1,349
Dominion Generation
Operating Revenue
Electric sales:
Regulated	$	5,505		$	1,196		$	1,544		$	1,308	$	1,457
Nonregulated		3,183			723			817			790		854
Gas sales:
Regulated		-			-			-			-		-
Nonregulated		1			-			-			-		-
Gas transportation and storage		-			-			-			-		-
Other		62			14			15			16		17
Total operating revenue	$	8,751		$	1,933		$	2,376		$	2,114	$	2,328
Corporate and Other1
Operating Revenue
Electric sales:
Regulated	$	(441	)	$	(441	)	$	-		$	-	$	-
Nonregulated		-			-			-			-		-
Gas sales:
Regulated		335			79			25			45		186
Nonregulated		8			2			(1	)		-		7
Gas transportation and storage		74			20			10			13		31
Other		677			179			171			162		165
Total operating revenue	$	653		$	(161	)	$	205		$	220	$	389

¹⁾ Our operating revenue have been recast due to Dominion management’s decision to retain Hope Gas, Inc.

The re-alignment shifted Hope Gas, Inc.’s results from Corporate to Dominion Energy.

Note: Figures may not add due to rounding

Page 6 of 11

Dominion Operating Statistics	Year ended 12/31/09			Quarter ended 12/31/09			Quarter ended 09/30/09		Quarter ended 06/30/09		Quarter ended 03/31/09
Dominion Consolidated
Regulated Electric Sales Revenue ($ millions)
Residential	$	3,156		$	698		$	885	$	708	$	865
Commercial		2,306			549			620		579		558
Industrial		559			132			152		138		137
Governmental		720			177			184		171		189
Regulated retail revenue		6,741			1,555			1,840		1,596		1,750
Wholesale - sales for resale		181			53			37		36		55
Other revenue1		(445	)		(508	)		28		16		20
Total	$	6,477		$	1,100		$	1,905	$	1,648	$	1,825

¹⁾ 4Q09 and full year 2009 amounts include a $523 million charge associated with the proposed settlement of Virginia Power’s 2009 rate case proceeding.

Note: Figures may not add due to rounding.

Page 7 of 11

Dominion Operating Statistics	Year ended 12/31/09	Quarter ended 12/31/09	Quarter ended 09/30/09	Quarter ended 06/30/09	Quarter   ended   03/31/09
Dominion Virginia Power
Degree Days (Electric service area)
Cooling
Actual	1,477	26	988	459	4
Normal	1,545	45	1,057	436	7
Heating
Actual	3,747	1,285	5	294	2,163
Normal	3,638	1,317	15	326	1,980
Electric Delivery Customers (at period end)
Residential	2,149,288	2,149,288	2,141,554	2,136,201	2,137,364
Commercial	232,656	232,656	232,383	232,037	231,979
Industrial	576	576	583	581	581
Governmental	31,870	31,870	31,759	31,716	31,741
Total Retail	2,414,390	2,414,390	2,406,279	2,400,535	2,401,665
Wholesale - sales for resale	5	5	5	5	5
Total	2,414,395	2,414,395	2,406,284	2,400,540	2,401,670
Electricity Delivered (GWh)
Residential	29,920	6,778	8,024	6,428	8,690
Commercial	28,463	6,886	7,687	7,004	6,886
Industrial	8,644	2,124	2,361	2,084	2,075
Governmental	10,727	2,610	2,851	2,689	2,578
Total Retail	77,755	18,397	20,924	18,205	20,229
Wholesale - sales for resale	3,620	882	876	812	1,050
Total	81,374	19,279	21,800	19,017	21,279
Dominion Retail
Unregulated Energy Customer Accounts (Average)
Natural Gas	631,054	617,397	634,827	653,582	621,107
Electric	430,285	483,473	451,927	420,746	368,358
Products and Services	656,484	674,347	660,095	650,654	641,348
Total	1,717,823	1,775,217	1,746,849	1,724,982	1,630,812
Volumes Sold
Natural Gas (mmcf)	100,605	29,548	9,469	14,790	46,798
Electricity (MWh)	7,855,669	2,153,717	2,461,261	1,797,086	1,443,605

Note: Figures may not add due to rounding.

Page 8 of 11

Dominion Operating Statistics	Year ended 12/31/09		Quarter ended 12/31/09		Quarter ended 09/30/09		Quarter ended 06/30/09			Quarter   ended   03/31/09
Dominion Energy - Gas Distribution1
Regulated Gas Revenue ($mm)
Gas sales revenue
Residential	$	396	$	79	$	21	$	39		$	256
Commercial		88		11		4		8			66
Industrial		6		1		1		-			5
Other		4		1		0		0			3
Total	$	494	$	91	$	26	$	47		$	330
Regulated Gas Transportation and Storage Revenue ($mm)
Gas transportation revenue
Residential	$	374	$	106	$	53	$	73		$	143
Commercial		123		33		12		20			58
Industrial		45		12		8		9			16
Other		1		-		0		0			0
Total transportation revenue		544		152		73		103			217
Storage revenue		12		3		3		3			2
Total	$	555	$	154	$	76	$	106		$	219
Degree Days
Heating
Actual		5,847		2,019		79		649			3,100
Normal		5,711		2,012		118		717			2,864
LDC Natural Gas Customers (Average)
Gas sales customers
Residential		304,096		253,563		246,061		278,840			427,907
Commercial		16,274		11,237		9,945		14,424			27,850
Industrial		141		34		30		159			325
Other		24		24		24		24			24
Total		320,535		264,858		256,060		293,447			456,106
Gas transportation customers
Residential		912,380		957,206		955,578		941,199			802,375
Commercial		74,220		78,927		78,949		75,891			64,360
Industrial		1,471		1,562		1,593		1,460			1,307
Total		988,071		1,037,695		1,036,120		1,018,550			868,042
Total LDC natural gas customers
Residential		1,216,476		1,210,769		1,201,639		1,220,039			1,230,282
Commercial		90,494		90,164		88,894		90,315			92,210
Industrial		1,612		1,596		1,623		1,619			1,632
Other		24		24		24		24			24
Total		1,308,606		1,302,553		1,292,180		1,311,997			1,324,148
LDC Natural Gas Delivery (mmcf)
Gas sales volume
Residential		34,056		8,179		1,419		3,171			21,287
Commercial		7,705		1,188		279		594			5,644
Industrial		658		84		84		(7	)		496
Other		349		104		5		12			228
Total		42,768		9,555		1,787		3,770			27,655
Gas transportation volume
Residential		87,022		29,464		5,692		11,806			40,060
Commercial		47,450		14,982		4,063		6,573			21,831
Industrial		70,324		20,939		13,178		13,656			22,551
Other		3,574		846		743		421			1,564
Total		208,370		66,231		23,676		32,456			86,006
Total LDC natural gas throughput
Residential		121,078		37,643		7,111		14,977			61,347
Commercial		55,155		16,170		4,342		7,167			27,475
Industrial		70,982		21,023		13,262		13,649			23,047
Other		3,923		950		748		433			1,792
Total		251,138		75,786		25,463		36,226			113,661

¹⁾ Includes Hope Gas, Inc. operations.

Note: Figures may not add due to rounding.

Page 9 of 11

Dominion	Year	Quarter	Quarter	Quarter	Quarter
Operating Statistics	ended	ended	ended	ended	ended
	12/31/09	12/31/09	09/30/09	06/30/09	03/31/09
Dominion Energy - Gas Transmission
Natural Gas Liquids sales (million gallons)	162.1	43.2	40.7	40.9	37.4
Average Realized NGL Price with Hedging ($/gal)	$1.34	$1.42	$1.33	$1.25	$1.35
Gas Shrinkage Cost ($mm)	$72.0	$19.7	$14.8	$16.0	$21.5
Dominion Energy - Appalachia E&P*
*NGLs reported with Liquids
Volumes Produced
Natural Gas US (Bcf)	46.5	11.8	11.1	10.5	13.1
Liquids US (Mbbls)	958.8	259.2	235.9	244.3	219.4
Total equivalent (Bcfe)	52.3	13.4	12.5	12.0	14.4
Average Realized Prices Without Hedging Results
Natural Gas (per Mcf)	$4.20	$4.32	$3.45	$3.63	$5.19
Liquids (per Bbl)	$20.68	$21.98	$19.09	$19.67	$21.98
Equivalent (per Mcfe)	$4.11	$4.24	$3.42	$3.58	$5.04
Average Realized Prices With Hedging Results
Natural Gas (per Mcf)	$7.74	$7.42	$7.39	$7.70	$8.35
Liquids (per Bbl)	$20.68	$21.98	$19.09	$19.67	$21.98
Equivalent (per Mcfe)	$7.25	$6.97	$6.88	$7.14	$7.90
E&P Lifting costs ($/mcfe)	$1.21	$1.23	$1.10	$1.26	$1.24
E&P DD&A rates ($/mcfe)	$1.50	$1.30	$1.37	$1.39	$1.90

Note: Figures may not add due to rounding.

Page 10 of 11

Dominion	Year	Quarter	Quarter	Quarter	Quarter
Operating Statistics	ended	ended	ended	ended	ended
	12/31/09	12/31/09	09/30/09	06/30/09	03/31/09
Dominion Generation
Regulated Generation
Electricity Sold (GWh) to VP/NCP customers
Residential	29,919	6,778	8,024	6,428	8,689
Commercial	28,463	6,886	7,687	7,004	6,886
Industrial	8,644	2,124	2,361	2,084	2,075
Governmental	10,727	2,610	2,851	2,689	2,578
Total Retail	77,754	18,397	20,924	18,205	20,228
Wholesale - sales for resale	3,620	882	876	812	1,050
Total	81,374	19,279	21,800	19,017	21,278
Merchant Generation
NEPOOL Merchant Fleet 1
Baseload Electric Sales (GWh)	24,499	5,241	5,960	6,423	6,875
Other Electric Sales (GWh)	1,819	507	557	516	239
Total Electric Sales (GWh)	26,318	5,748	6,517	6,939	7,114
PJM Merchant Fleet 2
Baseload Electric Sales (GWh)	2,766	718	771	449	828
Other Electric Sales (GWh)	6,532	1,429	1,949	1,836	1,318
Total Electric Sales (GWh)	9,298	2,147	2,720	2,285	2,146

¹⁾ Baseload Electric Sales include Millstone and the coal units at Brayton Point and Salem Harbor. Other Electric Sales include Manchester generating station and the oil units at Brayton Point and Salem Habor.

²⁾ Baseload Electric Sales include the State Line generating station. Other Electric Sales includes the Fairless generating station.

Note: Figures may not add due to rounding.

Page 11 of 11

EX-99.4

EXHIBIT 99.4

Dominion

Unaudited Supplemental Summary of 2009 Operating Earnings

(millions, except per share amounts)

	Year     Ended     12/31/09		Quarter     ended     12/31/09		Quarter     ended     09/30/09		Quarter     ended     06/30/09		Quarter     Ended     03/31/09
Dominion Virginia Power
Electric Distribution
Operating revenue	$1,210		$284		$314		$294		$318
Expenses:
Commodity purchases	0		0		0		0		0
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	398		107		97		94		99
Depreciation, depletion and amortization	278		71		70		69		68
Other	43		11		10		9		12
Earnings including noncontrolling interests before interest and taxes	$491		$95		$137		$121		$138
Electric Transmission
Operating revenue	$302		$86		$74		$70		$72
Expenses:
Commodity purchases	0		0		0		0		0
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	119		37		30		25		27
Depreciation, depletion and amortization	42		12		11		11		9
Other	(21	)	(6	)	(5	)	(5	)	(5)
Earnings including noncontrolling interests before interest and taxes	$162		$43		$38		$40		$41
Dominion Retail
Operating revenue	$1,770		$493		$298		$316		$662
Expenses:
Commodity purchases	1,526		414		249		275		589
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	85		24		20		21		20
Depreciation, depletion and amortization	21		3		7		6		5
Other	8		2		2		2		3
Earnings including noncontrolling interests before interest and taxes	$130		$51		$20		$14		$46
Segment Eliminations
Operating revenue	$0		$0		$0		$0		$0
Expenses:
Commodity purchases	0		0		0		0		0
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	0		0		0		0		0
Depreciation, depletion and amortization	0		0		0		0		0
Other	0		0		0		0		0
Earnings including noncontrolling interests before interest and taxes	$0		$0		$0		$0		$0
Dominion Virginia Power Total
Operating revenue	$3,281		$863		$686		$680		$1,052
Expenses:
Commodity purchases	1,527		414		249		275		589
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	602		168		148		140		146
Depreciation, depletion and amortization	341		85		88		86		82
Other	27		7		6		4		10
Earnings including noncontrolling interests before interest and taxes	784		189		195		175		225
Interest and related charges	159		39		42		39		39
Income taxes	233		56		56		52		69
Noncontrolling interests	8		2		2		2		2
Operating earnings contribution	$384		$92		$95		$82		$115
Average shares outstanding, diluted	593.7		598.1		596.3		594.0		585.7
Operating earnings per share contribution	$0.65		$0.15		$0.16		$0.14		$0.20

Notes:

- Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas

- Other = Other Taxes - Other Income

- Operating segment contribution to operating earnings equals contribution to GAAP earnings

- Figures may not add due to rounding

Page 1 of 6

Dominion

Unaudited Supplemental Summary of 2009 Operating Earnings

(millions, except per share amounts)

	Year     Ended     12/31/09		Quarter     ended     12/31/09		Quarter     ended     09/30/09		Quarter     ended     06/30/09		Quarter     Ended     03/31/09
Dominion Energy
Gas Distribution (DEO & HGI)1
Operating revenue	$1,208		$294		$133		$187		$594
Expenses:
Commodity purchases	513		107		33		60		313
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	369		100		61		72		135
Depreciation, depletion and amortization	61		16		15		15		15
Other	100		29		11		15		44
Earnings including noncontrolling interests before interest and taxes	$165		$42		$12		$23		$87
Gas Transmission
Operating revenue	$1,036		$277		$246		$257		$256
Expenses:
Commodity purchases	67		16		17		20		13
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	279		84		67		63		65
Depreciation, depletion and amortization	120		31		30		30		29
Other	27		8		8		6		6
Earnings including noncontrolling interests before interest and taxes	$542		$138		$123		$137		$144
Producer Services
Operating revenue	$1,633		$409		$362		$364		$499
Expenses:
Commodity purchases	1,529		373		348		358		450
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	22		7		5		4		6
Depreciation, depletion and amortization	1		0		0		0		0
Other	(5	)	(1	)	(1	)	(2	)	(2)
Earnings including noncontrolling interests before interest and taxes	$86		$30		$9		$2		$44
E&P
Operating revenue	$315		$80		$69		$70		$95
Expenses:
Commodity purchases	1		0		0		0		0
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	69		19		18		16		16
Depreciation, depletion and amortization	76		17		16		16		26
Other	12		4		0		3		4
Earnings including noncontrolling interests before interest and taxes	$158		$40		$34		$34		$49

[Dominion Energy continued on following page]

Page 2 of 6

Dominion

Unaudited Supplemental Summary of 2009 Operating Earnings

(millions, except per share amounts)

	Year     Ended     12/31/09	Quarter     ended     12/31/09	Quarter     ended     09/30/09	Quarter     ended     06/30/09	Quarter     Ended     03/31/09
Dominion Energy (cont’d)
Segment Eliminations1
Operating revenue	($381)	($98)	($95)	($93)	($95)
Expenses:
Commodity purchases	(377)	(97)	(94)	(92)	(94)
Purchased electric capacity	0	0	0	0	0
Other operations and maintenance	(4)	(1)	(1)	(1)	(1)
Depreciation, depletion and amortization	0	0	0	0	0
Other	0	0	0	0	0
Earnings including noncontrolling interests before interest and taxes	$0	$0	$0	$0	$0
Dominion Energy Total1
Operating revenue	$3,810	$962	$714	$785	$1,349
Expenses:
Commodity purchases	1,733	400	305	347	682
Purchased electric capacity	0	0	0	0	0
Other operations and maintenance	735	209	150	155	220
Depreciation, depletion and amortization	258	64	62	62	71
Other	135	39	18	24	53
Earnings including noncontrolling interests before interest and taxes	949	250	179	197	323
Interest and related charges	113	28	28	29	28
Income taxes	319	77	57	66	118
Noncontrolling interests	0	0	0	0	0
Operating earnings contribution	$517	$145	$94	$102	$177
Average shares outstanding, diluted	593.7	598.1	596.3	594.0	585.7
Operating earnings per share contribution	$0.87	$0.25	$0.16	$0.17	$0.30

¹⁾ Our 2009 income statements have been recast due to Dominion management’s decision to retain Hope Gas, Inc. as part of Dominion Energy.

Notes:

- Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas

- Other = Other Taxes - Other Income

- Operating segment contribution to operating earnings equals contribution to GAAP earnings

- Figures may not add due to rounding

Page 3 of 6

Dominion

Unaudited Supplemental Summary of 2009 Operating Earnings

(millions, except per share amounts)

	Year Ended 12/31/09	Quarter ended 12/31/09	Quarter ended 09/30/09	Quarter ended 06/30/09	Quarter     Ended     03/31/09
Dominion Generation
Utility Generation
Operating revenue	$5,552	$1,196	$1,563	$1,321	$1,473
Expenses:
Commodity purchases	2,835	624	739	684	789
Purchased electric capacity	409	101	95	105	108
Other operations and maintenance	1,021	296	219	273	233
Depreciation, depletion and amortization	320	80	81	79	80
Other	61	6	11	22	22
Earnings including noncontrolling interests before interest and taxes	$908	$89	$418	$158	$243
Merchant Generation
Operating revenue	$3,199	$737	$813	$793	$855
Expenses:
Commodity purchases	792	191	186	198	216
Purchased electric capacity	2	1	1	0	0
Other operations and maintenance	915	281	216	213	205
Other	39	16	1	9	13
Earnings before interest, taxes and DD&A	$1,451	$248	$409	$373	$421
Depreciation, depletion and amortization	172	54	38	40	40
Earnings including noncontrolling interests before interest and taxes	$1,277	$194	$371	$333	$379
Dominion Generation Total
Operating revenue	$8,751	$1,933	$2,376	$2,114	$2,328
Expenses:
Commodity purchases	3,627	815	925	882	1,005
Purchased electric capacity	411	102	96	105	108
Other operations and maintenance	1,936	577	435	486	438
Depreciation, depletion and amortization	492	134	119	119	120
Other	100	22	12	31	35
Earnings including noncontrolling interests before interest and taxes	2,185	283	789	491	622
Interest and related charges	201	48	50	54	49
Income taxes	694	49	278	165	202
Noncontrolling interests	9	3	2	2	2
Operating earnings contribution	$1,281	$183	$459	$270	$369
Average shares outstanding, diluted	593.7	598.1	596.3	594.0	585.7
Operating earnings per share contribution	$2.16	$0.31	$0.77	$0.46	$0.63

Notes:

- Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas

- Other = Other Taxes - Other Income

- Operating segment contribution to operating earnings equals contribution to GAAP earnings

- Figures may not add due to rounding

Page 4 of 6

Dominion

Unaudited Supplemental Summary of 2009 Operating Earnings

(millions, except per share amounts)

	Year Ended 12/31/09		Quarter ended 12/31/09		Quarter ended 09/30/09		Quarter ended 06/30/09		Quarter     Ended     03/31/09
THIS SCHEDULE PRESENTS GAAP MEASURES OF REPORTED NET INCOME ATTRIBUTABLE TO DOMINION.
PLEASE REFER TO THE FOLLOWING PAGE FOR THE OPERATING EARNINGS EQUIVALENT OF THIS SCHEDULE.
Corporate and Other1
Operating revenue	653		(161	)	205		220		389
Expenses:
Commodity purchases	395		185		14		35		161
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	1,270		345		207		91		628
Depreciation, depletion and amortization	48		32		5		5		5
Other	(70	)	(32	)	(83	)	(49	)	95
Earnings including noncontrolling interests before interest and taxes	(990	)	(691	)	62		138		(500)
Interest and related charges	539		148		127		128		135
Income taxes	(634	)	(410	)	(12	)	10		(222)
Noncontrolling interests	0		0		0		0		0
Corporate contribution to reported earnings	($895	)	($429	)	($53	)	$0		($413)
Average shares outstanding, diluted	593.7		598.1		596.3		594.0		585.7
Corporate reported earnings per share	($1.51	)	($0.72	)	($0.09	)	($0.01	)	($0.71)
Total Segment Eliminations and Adjustments1
Operating revenue	(1,364	)	(342	)	(333	)	(349	)	(340)
Expenses:
Commodity purchases	(616	)	(144	)	(141	)	(172	)	(159)
Purchased electric capacity	0		0		0		0		0
Other operations and maintenance	(748	)	(198	)	(192	)	(177	)	(181)
Depreciation, depletion and amortization	0		0		0		0		0
Other	118		28		29		30		31
Earnings including noncontrolling interests before interest and taxes	(118	)	(28	)	(29	)	(30	)	(31)
Interest and related charges	(118	)	(28	)	(29	)	(30	)	(31)
Income taxes	0		0		0		0		0
Noncontrolling interests	0		0		0		0		0
Segment Eliminations contribution to reported earnings	$0		$0		$0		$0		$0
Average shares outstanding, diluted	593.7		598.1		596.3		594.0		585.7
Segment Eliminations reported earnings per share	$0.00		$0.00		$0.00		$0.00		$0.00
Dominion Total
Operating revenue	15,131		3,255		3,648		3,450		4,778
Expenses:
Commodity purchases	6,666		1,670		1,351		1,366		2,279
Purchased electric capacity	411		102		96		105		108
Other operations and maintenance	3,795		1,100		748		697		1,250
Depreciation, depletion and amortization	1,139		315		274		271		279
Other taxes	491		118		107		109		157
Total operating expenses	12,502		3,305		2,576		2,548		4,073
Income from Operations	2,629		(50	)	1,072		902		705
Other income (loss)	181		54		123		70		(66)
Income including noncontrolling interests before interest and taxes	2,810		4		1,195		972		639
Interest and related charges	894		236		217		221		220
Income taxes	612		(228	)	380		293		167
Noncontrolling interests	17		5		4		4		4
Net Income attributable to Dominion	1,287		(9	)	594		454		248
Average shares outstanding, diluted	593.7		598.1		596.3		594.0		585.7
Consolidated reported earnings per share	$2.17		($0.01	)	$1.00		$0.76		$0.42

¹⁾ Our 2009 income statements have been recast due to Dominion management's decision to retain Hope Gas, Inc. as part of Dominion Energy.

Notes:

- Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas

- Other = Other Taxes - Other Income

- Figures may not add due to rounding

Page 5 of 6

Dominion

Unaudited Supplemental Summary of 2009 Operating Earnings

(millions, except per share amounts)

	Year Ended 12/31/09	Quarter ended 12/31/09	Quarter ended 09/30/09	Quarter ended 06/30/09	Quarter     Ended     03/31/09
THIS SCHEDULE PRESENTS MEASURES OF OPERATING EARNINGS THAT EXCLUDE CERTAIN ITEMS THAT ARE INCLUDED IN GAAP. PLEASE REFER TO THE PRECEDING PAGE FOR THE GAAP EQUIVALENT OF THIS SCHEDULE.
Corporate and Other1
Operating revenue	$683	$181	$171	$161	$170
Expenses:
Commodity purchases	4	1	1	1	1
Purchased electric capacity	0	0	0	0	0
Other operations and maintenance	681	181	172	172	156
Depreciation, depletion and amortization	29	8	7	7	7
Other	(117)	(34)	(32)	(32)	(18)
Earnings including noncontrolling interests before interest and taxes	86	25	23	13	24
Interest and related charges	533	145	126	128	134
Income taxes	(207)	(74)	(46)	(65)	(23)
Noncontrolling interests	0	0	0	0	0
Operating earnings contribution	($240)	($46)	($57)	($50)	($87)
Average shares outstanding, diluted	593.7	598.1	596.3	594.0	585.7
Operating earnings per share contribution	($0.41)	($0.08)	($0.10)	($0.09)	($0.15)
Total Segment Eliminations and Adjustments1
Operating revenue	($1,283)	($323)	($317)	($334)	($309)
Expenses:
Commodity purchases	(537)	(126)	(126)	(158)	(128)
Purchased electric capacity	0	0	0	0	0
Other operations and maintenance	(746)	(197)	(191)	(176)	(181)
Depreciation, depletion and amortization	0	0	0	0	0
Other	118	28	29	30	31
Earnings including noncontrolling interests before interest and taxes	(118)	(28)	(29)	(30)	(31)
Interest and related charges	(118)	(28)	(29)	(30)	(31)
Income taxes	0	0	0	0	0
Noncontrolling interests	0	0	0	0	0
Operating earnings contribution	$0	$0	$0	$0	$0
Average shares outstanding, diluted	593.7	598.1	596.3	594.0	585.7
Operating earnings per share contribution	$0.00	$0.00	$0.00	$0.00	$0.00
Dominion Total1
Operating revenue	$15,242	$3,617	$3,630	$3,406	$4,589
Expenses:
Commodity purchases	6,354	1,506	1,353	1,347	2,149
Purchased electric capacity	411	102	96	105	107
Other operations and maintenance	3,208	937	714	777	780
Depreciation, depletion and amortization	1,120	290	276	273	280
Other	262	63	34	58	109
Earnings including noncontrolling interests before interest and taxes	3,887	719	1,157	846	1,164
Interest and related charges	889	232	217	220	219
Income taxes	1,039	108	346	218	367
Noncontrolling interests	17	5	4	4	4
Consolidated operating earnings	$1,942	$374	$590	$404	$574
Average shares outstanding, diluted	593.7	598.1	596.3	594.0	585.7
Consolidated operating earnings per share	$3.27	$0.63	$0.99	$0.68	$0.98

¹⁾ Our 2009 income statements have been recast due to Dominion management's decision to retain Hope Gas, Inc. as part of Dominion Energy.

Notes:

- Commodity purchases = Electric fuel and other energy-related purchases + Purchased gas

- Other = Other Taxes - Other Income

- Figures may not add due to rounding

Page 6 of 6