Sept. 27. 2006 -- As part of a routine refinancing transaction Dominion is redeeming its outstanding Preferred Securities of Dominion Resources Capital Trust II (NYSE: D PrA). NOTICE IS HEREBY GIVEN that all of the outstanding Preferred Securities of Dominion Resources Capital Trust II, are to be redeemed pursuant to Section 7.4 of the Amended and Restated Trust Agreement, dated as of January 1, 2001. The Property Trustee under the Agreement is JPMorgan Chase Bank, N.A. Redemption of the Preferred Securities shall be in conjunction with the redemption by Dominion Resources, Inc. on the Redemption Date of all of the outstanding 8.4% Junior Subordinated Debentures Due January 30, 2041 of Dominion Resources, Inc., issued pursuant to the Subordinated Note Indenture dated as of December 1, 1997 between Dominion Resources, Inc. and JPMorgan Chase Bank, N.A., as trustee, and held by the Property Trustee on behalf of the Issuer. The redemption of the Preferred Securities shall be on the following terms: Redemption Date: October 17, 2006; Redemption Price: $25 per Preferred Security plus accrued and unpaid distributions thereon to the Redemption Date. On the Redemption Date the Redemption Price will become due and payable, provided that Dominion Resources, Inc. has paid the Property Trustee in immediately available funds a sufficient amount of cash in connection with the related redemption of the Debentures. The Property Trustee will deposit irrevocably with The Depository Trust Company ("DTC") funds sufficient to pay the Redemption Price to the Holders of the Preferred Securities and will give DTC irrevocable instructions and authority to pay the Redemption Price to the Holders of the Preferred Securities. Upon such deposit having been made, then on the Redemption Date, Distributions will cease to accrue on the Preferred Securities, and the Preferred Securities will no longer be deemed to be outstanding. All rights of the Holders of the Preferred Securities will cease, except the right of the Holders of the Preferred Securities to receive the Redemption Price, but without interest on such Redemption Price. Neither the Trustees nor the Trust shall be required to register or cause to be registered the transfer of Preferred Securities after the date of this Redemption.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Dominion Resources Capital Trust II, 8.4% Trust Preferred Securities, liquidation amount $25 per security, guaranteed by Domination Resources Inc. (NYSE: D), redeemable at the issuer's option on or after 1/17/2006 at $25 per share plus accrued and unpaid dividends, maturing 1/30/2041, distributions of 8.4% are paid quarterly on 1/30, 4/30, 7/30 & 10/3031 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 8.4% Junior Subordinated Deferrable Interest Debentures due 1/30/2041 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.40% $2.10	$25.00 $25.00	Called for 10/17/2006 1/30/2041	Baa2 BB+ 2/22/2006	1/30, 4/30, 7/30 & 10/30 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address:   120 Tredegar Street, Richmond, VA 23219
Main Phone Number	804-819-2000
Fax Number	804-819-2205
Investor Relations   Laura Kottkamp	804-819-2254
Toll Free Phone Number	800-552-4034

CEO - Thomas F. Farrell, II

CFO - Thomas N. Chewning